Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Dec. 31, 2013 | Mar. 01, 2014 | Jun. 30, 2013 |
Document and Entity Information | ' | ' | ' |
Entity Registrant Name | 'OLD LINE BANCSHARES INC | ' | ' |
Entity Central Index Key | '0001253317 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Dec-13 | ' | ' |
Amendment Flag | 'false | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Public Float | ' | ' | $97 |
Entity Common Stock, Shares Outstanding | ' | 10,785,370 | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets | ' | ' |
Cash and due from banks | $28,316,351 | $28,332,456 |
Interest bearing deposits in other financial institutions | 30,375 | 130,192 |
Federal funds sold | 711,574 | 228,113 |
Total cash and cash equivalents | 29,058,300 | 28,690,761 |
Investment securities available for sale-at fair value | 172,169,776 | 171,541,222 |
Loans held for sale, fair value of $2,074,924 and $0 | 2,014,711 | ' |
Loans held for investment (net of allowance for loan losses of $4,929,213 and $3,965,347, respectively) | 847,248,590 | 595,144,928 |
Equity securities at cost | 5,669,807 | 3,615,444 |
Premises and equipment | 35,215,868 | 25,133,013 |
Accrued interest receivable | 3,432,924 | 2,639,483 |
Deferred income taxes | 21,868,076 | 7,139,545 |
Bank owned life insurance | 30,577,187 | 16,869,307 |
Other real estate owned | 4,311,342 | 3,719,449 |
Goodwill | 7,793,665 | 633,790 |
Core deposit intangible | 5,287,501 | 3,691,471 |
Other assets | 2,575,377 | 3,038,064 |
Total assets | 1,167,223,124 | 861,856,477 |
Deposits | ' | ' |
Non-interest bearing | 228,733,624 | 188,895,263 |
Interest bearing | 745,625,862 | 546,562,555 |
Total deposits | 974,359,486 | 735,457,818 |
Short term borrowings | 49,530,125 | 37,905,467 |
Long term borrowings | 6,093,074 | 6,192,350 |
Accrued pension | 4,921,241 | 4,615,699 |
Other liabilities | 5,769,880 | 2,431,982 |
Total liabilities | 1,040,673,806 | 786,603,316 |
Stockholders' equity | ' | ' |
Common stock, par value $0.01 per share; authorized 25,000,000 in 2013 and 15,000,000 for 2012; issued and outstanding 10,777,113 for 2013 and 6,845,432 for 2012 | 107,772 | 68,454 |
Additional paid-in capital | 104,622,171 | 53,792,015 |
Retained earnings | 24,879,275 | 18,531,387 |
Accumulated other comprehensive income (loss) | -3,359,823 | 2,469,758 |
Total Old Line Bancshares, Inc. stockholders' equity | 126,249,395 | 74,861,614 |
Non-controlling interest | 299,923 | 391,547 |
Total stockholders' equity | 126,549,318 | 75,253,161 |
Total liabilities and stockholders' equity | $1,167,223,124 | $861,856,477 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Consolidated Balance Sheets | ' | ' |
Loans held for sale, fair value (in dollars) | $2,074,924 | $0 |
Loans held for investment, allowance for loan losses (in dollars) | $4,929,213 | $3,965,347 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, authorized shares | 25,000,000 | 15,000,000 |
Common stock, shares issued | 10,777,113 | 6,845,432 |
Common stock, shares outstanding | 10,777,113 | 6,845,432 |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Interest Income | ' | ' | ' |
Loans, including fees | $40,206,378 | $33,808,739 | $28,432,701 |
Interest and dividends on taxable investments: | ' | ' | ' |
U.S. Treasury securities | 3,043 | 9,646 | 7,251 |
U.S. government agency securities | 538,007 | 362,323 | 332,248 |
Mortgage backed securities | 1,464,994 | 2,243,209 | 2,635,172 |
Municipal securities | 1,797,449 | 1,592,370 | 745,369 |
Federal funds sold | 3,848 | 6,026 | 6,087 |
Other | 249,119 | 199,810 | 161,685 |
Total interest income | 44,262,838 | 38,222,123 | 32,320,513 |
Interest expense | ' | ' | ' |
Deposits | 3,716,044 | 4,235,107 | 4,389,694 |
Borrowed funds | 486,209 | 822,518 | 829,477 |
Total interest expense | 4,202,253 | 5,057,625 | 5,219,171 |
Net interest income | 40,060,585 | 33,164,498 | 27,101,342 |
Provision for loan losses | 1,504,190 | 1,525,000 | 1,800,000 |
Net interest income after provision for loan losses | 38,556,395 | 31,639,498 | 25,301,342 |
Non-interest income | ' | ' | ' |
Service charges on deposit accounts | 1,607,931 | 1,281,187 | 1,208,466 |
Gains on sales or calls of investment securities | 641,088 | 1,156,781 | 140,149 |
Earnings on bank owned life insurance | 840,028 | 548,454 | 701,509 |
Gain (loss) on disposal of assets | -104,639 | 7,430 | 5,214 |
Gain on the sale of loans | 3,890,029 | ' | ' |
Other fees and commissions | 1,995,745 | 714,258 | 437,934 |
Total non-interest income | 8,870,182 | 3,708,110 | 2,493,272 |
Non-interest expense | ' | ' | ' |
Salaries and benefits | 16,617,920 | 12,038,509 | 10,024,591 |
Occupancy and equipment | 5,353,300 | 3,687,419 | 3,131,557 |
Data processing | 1,422,771 | 869,984 | 816,815 |
Pension plan termination | ' | 700,884 | ' |
FDIC insurance and State of Maryland assessments | 777,474 | 600,875 | 613,881 |
Merger and integration | 3,518,945 | 470,999 | 574,321 |
Core deposit premium amortization | 838,694 | 727,421 | 584,024 |
Gain on sales of other real estate owned | -144,934 | -110,704 | -248,005 |
OREO expense | 838,429 | 591,348 | 339,646 |
Other operating | 6,854,690 | 5,585,088 | 4,799,508 |
Total non-interest expense | 36,077,289 | 25,161,823 | 20,636,338 |
Income before income taxes | 11,349,288 | 10,185,785 | 7,158,276 |
Income tax expense | 3,602,083 | 2,720,446 | 1,926,624 |
Net income | 7,747,205 | 7,465,339 | 5,231,652 |
Less: Net loss attributable to the non-controlling interest | -91,624 | -65,125 | -148,319 |
Net income available to common stockholders | $7,838,829 | $7,530,464 | $5,379,971 |
Basic earnings per common share (in dollars per share) | $0.87 | $1.10 | $0.86 |
Diluted earnings per common share (in dollars per share) | $0.86 | $1.09 | $0.86 |
Dividend per common share (in dollars per share) | $0.16 | $0.16 | $0.13 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Consolidated Statements of Comprehensive Income | ' | ' | ' |
Net income available to common stockholders | $7,747,205 | $7,465,339 | $5,231,652 |
Other Comprehensive Income (Loss): | ' | ' | ' |
Unrealized gain (loss) on securities available for sale, gross of taxes of ($3,544,461), $492,320 and $1,399,655, respectively. | -8,985,831 | 1,248,118 | 3,548,371 |
Reclassification adjustment for realized gain on securities available for sale included in net income, gross of taxes of $252,877, $456,292 and $55,282, respectively. | -641,088 | -1,156,781 | -140,149 |
Reclassification adjustment for other than temporary impairment on securities available for sale, gross of taxes of $0, $0 and $48,533, respectively. | ' | ' | 123,039 |
Net gain (loss) on pension plan assets, gross of taxes of $0, $8,812 and ($8,812), respectively. | ' | 22,339 | -22,339 |
Tax Effect | 3,797,338 | -32,890 | -1,392,906 |
Other comprehensive income (loss) | -5,829,581 | 80,786 | 2,116,016 |
Comprehensive Income | 1,917,624 | 7,546,125 | 7,347,668 |
Comprehensive (loss) attributable to the non-controlling interest | -91,624 | -65,125 | -148,319 |
Comprehensive income available to common stockholders | $2,009,248 | $7,611,250 | $7,495,987 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Consolidated Statements of Comprehensive Income | ' | ' | ' |
Unrealized gain (loss) on securities available for sale, taxes | ($3,544,461) | $492,320 | $1,399,655 |
Reclassification adjustment for realized gain on securities available for sale included in net income, taxes | 252,877 | 456,292 | 55,282 |
Reclassification adjustment for other than temporary impairment on securities available for sale, taxes | 0 | 0 | 48,533 |
Net gain (loss) on pension plan assets, taxes | $0 | $8,812 | ($8,812) |
Consolidated_Statements_of_Cha
Consolidated Statements of Changes in Stockholders' Equity (USD $) | Total | Common stock | Additional paid-in capital | Retained earnings | Accumulated other comprehensive income | Non-controlling interest |
Balance at Dec. 31, 2010 | $37,658,750 | $38,917 | $29,206,617 | $7,535,268 | $272,956 | $604,992 |
Balance (in shares) at Dec. 31, 2010 | ' | 3,891,705 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' |
Net income attributable to Old Line Bancshares, Inc. | 5,379,971 | ' | ' | 5,379,971 | ' | ' |
Acquisition Maryland Bankcorp, Inc. | 17,805,425 | 21,322 | 17,784,103 | ' | ' | ' |
Acquisition Maryland Bankcorp, Inc. (in shares) | ' | 2,132,231 | ' | ' | ' | ' |
Unrealized gain on securities available for sale, net of income tax benefit of $3,797,338, $32,890 and $1,392,906 for the year ended 31 December, 2013, 2012 and 2011, respectively | 2,138,355 | ' | ' | ' | 2,138,355 | ' |
Net loss, defined benefit pension plan/Settlement effect pension plan | -22,339 | ' | ' | ' | -22,339 | ' |
Net loss attributable to non-controlling interest | -148,319 | ' | ' | ' | ' | -148,320 |
Stock based compensation awards | 132,661 | ' | 132,661 | ' | ' | ' |
Private placement-common stock | 6,332,844 | 7,769 | 6,325,075 | ' | ' | ' |
Private placement-common stock (in shares) | ' | 776,872 | ' | ' | ' | ' |
Common stock cash dividend $0.16, $0.16 and $0.13 per share for the year ended 31 December, 2013, 2012 and 2011, respectively | -821,497 | ' | ' | -821,497 | ' | ' |
Stock options exercised including tax benefit of $113,280, $12,581 and $5,238 for the year ended 31 December, 2013, 2012 and 2011, respectively | 40,788 | 81 | 40,707 | ' | ' | ' |
Stock options exercised (in shares) | ' | 8,100 | ' | ' | ' | ' |
Restricted stock issued | ' | 88 | -88 | ' | ' | ' |
Restricted stock issued (in shares) | ' | 8,786 | ' | ' | ' | ' |
Balance at Dec. 31, 2011 | 68,496,638 | 68,177 | 53,489,075 | 12,093,742 | 2,388,972 | 456,672 |
Balance (in shares) at Dec. 31, 2011 | ' | 6,817,694 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' |
Net income attributable to Old Line Bancshares, Inc. | 7,530,464 | ' | ' | 7,530,464 | ' | ' |
Unrealized gain on securities available for sale, net of income tax benefit of $3,797,338, $32,890 and $1,392,906 for the year ended 31 December, 2013, 2012 and 2011, respectively | 58,447 | ' | ' | ' | 58,447 | ' |
Net loss, defined benefit pension plan/Settlement effect pension plan | 22,339 | ' | ' | ' | 22,339 | ' |
Net loss attributable to non-controlling interest | -65,125 | ' | ' | ' | ' | -65,125 |
Stock based compensation awards | 176,024 | ' | 176,024 | ' | ' | ' |
Common stock cash dividend $0.16, $0.16 and $0.13 per share for the year ended 31 December, 2013, 2012 and 2011, respectively | -1,092,819 | ' | ' | -1,092,819 | ' | ' |
Stock options exercised including tax benefit of $113,280, $12,581 and $5,238 for the year ended 31 December, 2013, 2012 and 2011, respectively | 127,193 | 175 | 127,018 | ' | ' | ' |
Stock options exercised (in shares) | ' | 17,500 | ' | ' | ' | ' |
Restricted stock issued | ' | 102 | -102 | ' | ' | ' |
Restricted stock issued (in shares) | ' | 10,238 | ' | ' | ' | ' |
Balance at Dec. 31, 2012 | 75,253,161 | 68,454 | 53,792,015 | 18,531,387 | 2,469,758 | 391,547 |
Balance (in shares) at Dec. 31, 2012 | 6,845,432 | 6,845,432 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity | ' | ' | ' | ' | ' | ' |
Net income attributable to Old Line Bancshares, Inc. | 7,838,829 | ' | ' | 7,838,829 | ' | ' |
Acquisition of WSB Holdings, Inc. | 37,647,062 | 29,095 | 37,617,967 | ' | ' | ' |
Acquisition of WSB Holdings, Inc. (in shares) | ' | 2,909,486 | ' | ' | ' | ' |
Unrealized gain on securities available for sale, net of income tax benefit of $3,797,338, $32,890 and $1,392,906 for the year ended 31 December, 2013, 2012 and 2011, respectively | -5,829,581 | ' | ' | ' | -5,829,581 | ' |
Net loss attributable to non-controlling interest | -91,624 | ' | ' | ' | ' | -91,624 |
Stock based compensation awards | 230,743 | ' | 230,743 | ' | ' | ' |
Private placement-common stock | 12,177,568 | 9,367 | 12,168,201 | ' | ' | ' |
Private placement-common stock (in shares) | ' | 936,695 | ' | ' | ' | ' |
Common stock cash dividend $0.16, $0.16 and $0.13 per share for the year ended 31 December, 2013, 2012 and 2011, respectively | -1,490,941 | ' | ' | -1,490,941 | ' | ' |
Stock options exercised including tax benefit of $113,280, $12,581 and $5,238 for the year ended 31 December, 2013, 2012 and 2011, respectively | 814,101 | 792 | 813,309 | ' | ' | ' |
Stock options exercised (in shares) | ' | 79,149 | ' | ' | ' | ' |
Restricted stock issued | ' | 84 | -84 | ' | ' | ' |
Restricted stock issued (in shares) | ' | 8,382 | ' | ' | ' | ' |
Forfeiture of shares | ' | -20 | 20 | ' | ' | ' |
Forfeiture of shares (in shares) | ' | -2,031 | ' | ' | ' | ' |
Balance at Dec. 31, 2013 | $126,549,318 | $107,772 | $104,622,171 | $24,879,275 | ($3,359,823) | $299,923 |
Balance (in shares) at Dec. 31, 2013 | 10,777,113 | 10,777,113 | ' | ' | ' | ' |
Consolidated_Statements_of_Cha1
Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Consolidated Statements of Changes in Stockholders' Equity | ' | ' | ' |
Unrealized gain on securities available for sale, income tax benefit | ($3,544,461) | $492,320 | $1,399,655 |
Stock options exercised, tax benefit | $113,280 | $12,581 | $5,238 |
Dividend per common share (in dollars per share) | $0.16 | $0.16 | $0.13 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Cash flows from operating activities | ' | ' | ' |
Interest received | $45,688,813 | $38,804,106 | $32,808,300 |
Fees and commissions received | 3,473,068 | 2,098,588 | 2,144,083 |
Interest paid | -4,495,597 | -5,143,101 | -5,317,398 |
Cash paid to suppliers and employees | -30,225,850 | -21,033,154 | -17,822,081 |
Originations of loans held for sale | -31,959,210 | ' | ' |
Proceeds from the sale of loans held for sale | 33,834,528 | ' | ' |
Income taxes paid | -714,783 | -2,889,216 | -227,269 |
Net cash provided by operating activities | 15,600,969 | 11,837,223 | 11,585,635 |
Cash flows from investing activities | ' | ' | ' |
Cash and cash equivalents of acquired bank | 38,846,599 | ' | 41,967,182 |
Net change in time deposits in other banks | ' | ' | 297,000 |
Purchase of investment securities - available for sale | -27,016,236 | -89,682,958 | -75,476,075 |
Proceeds from disposal of investment securities | ' | ' | ' |
Held to maturity sold | ' | ' | 514,079 |
Available for sale at maturity, call and paydowns | 34,988,433 | 49,090,425 | 32,115,702 |
Available for sale sold | 60,349,897 | 30,961,092 | 10,133,054 |
Loans made, net of principal collected | -91,899,866 | -57,879,889 | -50,566,900 |
Proceeds from sale of other real estate owned | 4,610,789 | 980,310 | 434,141 |
Investment in improvements other real estate owned | ' | -15,525 | -88,965 |
Redemption (purchase) of equity securities | -1,970,233 | 238,551 | 314,931 |
Proceeds from sale of premises and equipment | -104,639 | 30,000 | ' |
Purchase of premises, equipment and software | -1,554,461 | -3,370,280 | -2,994,210 |
Net cash provided by investing activities | 16,250,283 | -69,648,274 | -43,350,061 |
Net increase (decrease) in | ' | ' | ' |
Time deposits | 55,663,499 | -24,883,587 | -5,627,926 |
Other deposits | -32,956,546 | 69,573,620 | 58,362,525 |
Short term borrowings | -48,625,910 | -767,190 | 13,609,325 |
Long term borrowings | -99,276 | -92,129 | -10,087,468 |
Acquisition cash consideration | -16,966,208 | ' | -1,022,413 |
Proceeds from stock options exercised, including tax benefit | 814,101 | 127,193 | 40,788 |
Private placement-common stock | 12,177,568 | ' | 6,332,844 |
Cash dividends paid-common stock | -1,490,941 | -1,092,819 | -821,497 |
Net cash used in financing activities | -31,483,713 | 42,865,088 | 60,786,178 |
Net increase (decrease) in cash and cash equivalents | 367,539 | -14,945,963 | 29,021,752 |
Cash and cash equivalents at beginning of year | 28,690,761 | 43,636,724 | 14,614,972 |
Cash and cash equivalents at end of year | 29,058,300 | 28,690,761 | 43,636,724 |
Reconciliation of net income to net cash provided (used) by operating activities | ' | ' | ' |
Net income | 7,747,205 | 7,465,339 | 5,231,652 |
Adjustments to reconcile net income to net cash provided (used) by operating activities | ' | ' | ' |
Depreciation and amortization | 1,850,659 | 1,430,125 | 1,098,268 |
Provision for loan losses | 1,504,190 | 1,525,000 | 1,800,000 |
Amortization of intangible | 838,694 | 727,421 | 584,024 |
Change in loans held for sale | -2,014,711 | ' | ' |
Gain on sale of other real estate owned | -144,934 | -110,704 | -248,005 |
Write down of other real estate owned | 334,040 | 281,000 | ' |
(Gain) loss on sale of equipment | 104,639 | -7,430 | 5,214 |
(Gain) loss on sale of securities | -641,088 | -1,156,781 | -140,149 |
Amortization of premiums and discounts | 1,259,194 | 1,115,217 | 820,085 |
Deferred loan fees net of costs | 73,809 | -342,293 | -265,714 |
Other than temporary impairment on equity securities | ' | ' | 123,039 |
Deferred income taxes | 566,014 | 71,594 | -196,884 |
Stock based compensation awards | 230,743 | 176,024 | 132,661 |
Increase (decrease) in: | ' | ' | ' |
Accrued pension | 305,542 | 273,035 | ' |
Other liabilities | -6,311 | -46,095 | -886,351 |
Decrease (increase) in: | ' | ' | ' |
Accrued interest receivable | 92,972 | -190,941 | -66,584 |
Bank owned life insurance | -721,063 | -452,741 | -209,040 |
Settlement of prepaid pension plan | ' | 1,052,890 | 339,226 |
Other assets | 4,221,375 | 26,563 | 3,464,193 |
Net cash provided by operating activities | 15,600,969 | 11,837,223 | 11,585,635 |
Supplemental disclosure of noncash activities: | ' | ' | ' |
Transfer to loans from other real estated owned | 1,159,308 | 849,921 | 1,114,290 |
WSB Holdings, Inc. | ' | ' | ' |
Fair Value of Assets and Liabilities from Acquisition [Abstract] | ' | ' | ' |
Fair value of tangible assets acquired | 307,841,956 | ' | 331,377,620 |
Other intangible assets acquired | 9,594,598 | ' | 8,400,469 |
Fair value of liabilities assumed | -279,789,492 | ' | -322,585,132 |
Net identifiable assets acquired over liabilities assumed | $37,647,062 | ' | $17,192,957 |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
1. Summary of Significant Accounting Policies | |||||||||||
        Organization and Description of Business—Old Line Bancshares, Inc. (Bancshares) is the holding company for Old Line Bank (Bank). We provide a full range of banking services to customers located in Anne Arundel, Calvert, Charles, Prince George's and St. Mary's counties in Maryland and surrounding areas. | |||||||||||
        Basis of Presentation and Consolidation—The accompanying consolidated financial statements include the activity of Bancshares, its wholly owned subsidiary, Old Line Bank, and its majority owned membership interest in Pointer Ridge Office Investment, LLC ("Pointer Ridge"). We have eliminated all significant intercompany transactions and balances. | |||||||||||
        We report the non-controlling interests in Pointer Ridge separately in the consolidated balance sheets. We report the income of Pointer Ridge attributable to Bancshares from the date of our acquisition of majority interest on the consolidated statements of income. | |||||||||||
        Use of estimates—The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions may affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses. | |||||||||||
        Cash and cash equivalents—For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, amounts due from banks, interest bearing deposits and federal funds sold. Generally, we purchase and sell federal funds for one day periods. | |||||||||||
        Investment securities—As we purchase securities, management determines if we should classify the securities as held to maturity, available for sale or trading. We record the securities which management has the intent and ability to hold to maturity at amortized cost which is cost adjusted for amortization of premiums and accretion of discounts to maturity. We classify securities which we may sell before maturity as available for sale and carry these securities at fair value with unrealized gains and losses included in stockholders' equity on an after tax basis. Management has not identified any investment securities as trading. | |||||||||||
        We record gains and losses on the sale of securities on the trade date and determine these gains or losses using the specific identification method. We amortize premiums and accrete discounts using the interest method. | |||||||||||
        Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) the structure of the security. A decline in the market value of any available for sale security below cost that is deemed other-than-temporary results in a charge to earnings and establishment of a new cost basis for that security. | |||||||||||
        Stock based compensation awards—We account for individual stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock based compensation expense at the date of grant. For the years ended December 31, 2013, 2012 and 2011, we recorded stock based compensation expense of $230,743, $176,024 and $132,661, respectively. | |||||||||||
        We may only recognize tax benefits for options that ordinarily will result in a tax deduction when the grant is exercised (non-qualified options). For the years ended December 31, 2013 and 2012, we recognized a tax benefit associated with the portion of the expense that was related to the issuance of non-qualified options of $38,135 and $19,835, respectively. There were no non-qualified options included in the expense calculation for the year ended December 31, 2011. | |||||||||||
        Equity Securities—Equity securities include stock from Federal Reserve, Federal Home Loan Bank, Atlantic Central Bankers Bank, Maryland Financial Bank and Student Loan Marketing Association (SLMA), which are carried at cost which approximates fair value. | |||||||||||
        Premises and equipment—We record premises and equipment at cost less accumulated depreciation. Generally, we compute depreciation using the straight line method over the estimated useful life of the assets. Estimated useful life for our buildings is five to 50 years. Estimated useful life for our leasehold improvements is three to 30 years. Estimated useful life for our furniture and equipment is three to 23 years. | |||||||||||
        Other real estate owned—Other real estate owned consists of properties obtained through foreclosure proceedings or acceptance of a deed in lieu of foreclosure, and is reported on an individual asset basis at net realizable value. Net realizable value equals fair value and is determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources less estimated selling costs. While initial fair value is determined by independent third parties, management may subsequently reassess these valuations and apply additional discounts if necessary. When properties are acquired through foreclosure, any excess of the loan balance at the time of foreclosure over the fair value of the real estate held as collateral is recognized and charged to the allowance for loan losses. Subsequent write-downs are charged to a separate allowance for losses pertaining to real estate owned, established through provisions for estimated losses on other real estate owned charged to operations. Based upon management's evaluation of the real estate acquired through foreclosure, additional expense is recorded when necessary in an amount sufficient to reflect any estimated declines in fair value. Gains and losses recognized on the disposition of the properties are also recorded in non-interest expense in the consolidated statements of income. Costs of improvements to real estate are capitalized, while costs associated with holding the real estate are charged to operations. | |||||||||||
        Mortgage Banking Activities—As part of normal business operations, we originate residential mortgage loans that have been pre-approved by secondary investors. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the commitment of the loan. Generally, within three weeks after funding, the loans are transferred to the investor in accordance with the agreed-upon terms. On the settlement date of these loans, we record the gains from the sale of these loans equal to the difference between the proceeds to be received and the carrying amount of the loan. | |||||||||||
        Goodwill and Other Intangible Assets—Goodwill represents the excess of the purchase price over the sum of the estimated fair values of tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed related to the acquisitions of Maryland Bankcorp, Inc. and WSB Holdings, Inc. Core deposit intangibles represent the estimated value of long-term deposit relationships acquired in these transactions. The core deposit intangible is being amortized over 18 years for Maryland Bankcorp, Inc. and ten years for WSB Holdings, Inc. and the estimated useful lives are periodically reviewed for reasonableness. | |||||||||||
        Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset's fair value. The goodwill impairment analysis is a two-step test. The first step, used to identify potential impairment, comparing the reporting unit's estimated fair value to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, goodwill assigned to that reporting unit is considered not to be impaired. If the carrying value exceeds estimated fair value, there is an indication of potential impairment and the second step is performed to measure the amount of impairment of goodwill assigned to that reporting unit. | |||||||||||
        If required, the second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. The implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination, by measuring the excess of the estimated fair value of the reporting unit, as determined in the first step, over the aggregate estimated fair values of the individual assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in a business combination. If the implied fair value of goodwill exceeds the carrying value of goodwill assigned to the reporting unit, there is no impairment. If the carrying value of goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded for the excess. An impairment loss cannot exceed the carrying value of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. We have determined that Bancshares has one reporting unit. | |||||||||||
        We evaluated the carrying value of goodwill as of September 30, 2013, our annual test date, and determined that no impairment charge was necessary. Additionally, should Bancshares' future earnings and cash flows decline and/or discount rates increase, an impairment charge to goodwill and other intangible assets may be required. There have been no events subsequent to the September 30, 2013 evaluation that caused us to perform an interim review of the carrying value of goodwill. | |||||||||||
        Business Combinations—Accounting principles generally accepted in the United States (U.S. GAAP) requires that the acquisition method of accounting, formerly referred to as purchase method, be used for all business combinations and that an acquirer be identified for each business combination. Under U.S. GAAP, the acquirer is the entity that obtains control of one or more businesses in the business combination, and the acquisition date is the date the acquirer achieves control. U.S. GAAP requires that the acquirer recognize the fair value of assets acquired, liabilities assumed, and any non-controlling interest in the acquiree at the acquisition date. | |||||||||||
        Loans and interest income—We report loans at face value plus deferred origination costs, less deferred origination fees and the allowance for loan losses. We accrue interest on loans based on the principal amounts outstanding. We amortize origination fees and costs to income over the terms of the loans using an approximate interest method. | |||||||||||
        We discontinue the accrual of interest when any portion of the principal or interest is 90 days past due and collateral is insufficient to discharge the debt in full. Based on current information, we consider loans impaired when management determines that it is unlikely that the borrower will make principal and interest payments according to contractual terms. Generally, we do not review loans for impairment until we have discontinued the accrual of interest. We consider several factors in determining impairment including payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Generally, we do not classify loans that experience insignificant payment delays and payment shortfalls as impaired. Management determines the significance of payment delays and payment shortfalls on a case by case basis. We consider all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We measure impairment on a loan by loan basis for commercial and real estate loans by determining either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price or the fair value of the collateral if the loan is collateral dependent. If it is doubtful that we will collect principal, we apply all payments to principal. | |||||||||||
        We collectively evaluate large groups of smaller balance homogeneous loans for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment unless such loans are the subject of a restructuring agreement or the borrower has filed bankruptcy. | |||||||||||
        Acquired loans—These loans are recorded at fair value at the date of acquisition, and accordingly no allowance for loan losses is transferred to the acquiring entity in connection with purchase accounting. The fair values of loans with evidence of credit deterioration (purchased, credit-impaired loans) are initially recorded at fair value, but thereafter accounted for differently than purchased, non-credit-impaired loans. For purchased, credit-impaired loans, the excess of all cash flows estimated to be collectable at the date of acquisition over the purchase price of the purchase credit-impaired loan is recognized as interest income, using a level-yield basis over the life of the loan. This amount is referred to as the accretable yield. The purchased credit-impaired loan's contractually-required payments receivable estimated to be in excess of the amount of its future cash flows expected at the date of acquisition is referred to as the non-accretable difference, and is not reflected as an adjustment to the yield, in the form of a loss accrual or a valuation allowance. | |||||||||||
        Subsequent to the acquisition date, management continues to monitor cash flows on a quarterly basis, to determine the performance of each purchased, credit-impaired loan in comparison to management's initial performance expectations. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent significant increases in cash flows result in a reversal of the provision for loan losses to the extent of prior provisions or a reclassification of amount from non-accretable difference to accretable yield, with a positive impact on the accretion of interest income in future periods. | |||||||||||
        Acquired performing loans are accounted for using the contractual cash flows method of recognizing discount accretion based on the acquired loans' contractual cash flows. Acquired performing loans are recorded as of the purchase date at fair value. Credit losses on the acquired performing loans are estimated based on analysis of the performing portfolio. A provision for loan losses is recognized for any further credit deterioration that occurs in these loans subsequent to the acquisition date. | |||||||||||
        Loans Held-for-Sale—The loans classified in the held-for-sale portfolio consists of loans that have been committed to be purchased by investors in the secondary market at December 31, 2013 and will be settled subsequent to that date. Only loans purchased by investors with recourse obligations are included in other liabilities. | |||||||||||
        Allowance for Loan Losses—The allowance for loan losses represent an amount which, in management's judgment, will be adequate to absorb probable losses on existing loans and other extensions of credit that may become uncollectible. Management bases its judgment in determining the adequacy of the allowance on evaluations of the collectability of loans. Management takes into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions that may affect the borrowers' ability to pay, overall portfolio quality, and review of specific problem areas. If the current economy or real estate market continues to suffer a severe downturn, we may need to increase the estimate for uncollectible accounts. We charge off loans which we deem uncollectible and deduct them from the allowance. We add recoveries on loans previously charged off to the allowance. | |||||||||||
        During the third quarter of 2013, management revised the methodology for the loss-rate analysis for the performing loan portfolios due to the increase in total loans and the complexity of the loan portfolio. The primary changes in the methodology were to segment loans with similar risk characteristics, change the look back period to 12 quarters and enhance our qualitative environmental factors applied. Previously we used various loss measurement periods for the different segments. Some were three years and some had history disregarded because there was so little in losses. | |||||||||||
        Management made the following changes to the methodology during the third quarter of 2013: | |||||||||||
• | |||||||||||
The portfolio is analyzed in the following segments for the ASC 450 analysis pool and is sorted by the following loan types: | |||||||||||
Commercial | |||||||||||
Commercial & Industrial Loans | |||||||||||
Commercial Real Estate | |||||||||||
Commercial Real Estate Loans—Owner Occupied | |||||||||||
Commercial Real Estate Loans—Non-owner occupied | |||||||||||
Commercial Real Estate Loans—Hotels/Motels/Inns | |||||||||||
Commercial Land Loans | |||||||||||
Commercial Acquisition & Development Loans | |||||||||||
Residential Real Estate | |||||||||||
Residential Land Loans | |||||||||||
Residential Acquisition & Development Loans | |||||||||||
Residential First Lien Loans (including construction)—Investor | |||||||||||
Residential First Lien Loans (including construction)—Owner Occupied | |||||||||||
HELOCÂ & Closed End Junior Lien Loans | |||||||||||
Consumer | |||||||||||
Consumer Installment Loans—Boats | |||||||||||
Consumer Installment Loans—Other | |||||||||||
Consumer Revolving & Credit Cards | |||||||||||
• | |||||||||||
Within each of the above loan types, each portfolio is sorted by the risk assessment rating of each loan as Pass, Pass-Watch, Special Mention or Substandard. | |||||||||||
• | |||||||||||
The Bank's loss experience for each of the last 12 quarters is aggregated and that total is used to create a percentage of the loan portfolio as it existed at the beginning of the 12 quarter "look back." | |||||||||||
• | |||||||||||
The Bank's loss experience (Loss Factor) is progressively tiered by risk category for Pass, Pass-Watch, Special Mention and Substandard loans by applying a higher loss factor to higher risk rated categories. Loans rated "Doubtful" or "Loss" are, by definition, impaired and will be specifically reserved based upon Bank management's best estimate of the loss exposure for each loan. | |||||||||||
• | |||||||||||
Qualitative factors now include: levels and trends in delinquencies and non-accruals; trends in volumes and terms of loans; effects of any changes in lending policies; the experience, ability and depth of management; regional and local economic trends and conditions; Peer Group loan loss history; concentrations of credit; quality of the bank's loan review system; external factors, such as competition, legal and regulatory requirements; and, management's collective assessment of the appropriateness of the allowance for loan losses in light of recent trends, events, political impact and other considerations. | |||||||||||
        Advertising—We expense advertising costs over the life of ad campaigns. We expense general purpose advertising as we incur it. | |||||||||||
        Income taxes—The provision for income taxes includes taxes payable for the current year and deferred income taxes. We determine deferred tax assets and liabilities based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which we expect the differences to reverse. If needed, we use a valuation allowance to reduce the deferred tax assets to the amount we expect to realize. We allocate tax expense and tax benefits to Bancshares and its subsidiaries based on their proportional share of taxable income. | |||||||||||
        Earnings per share—We determine basic earnings per common share by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding giving retroactive effect to stock dividends. | |||||||||||
        We calculate diluted earnings per common share by including the average dilutive common stock equivalents outstanding during the period. Dilutive common equivalent shares consist of stock options and warrants, calculated using the treasury stock method. | |||||||||||
Years Ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Net Income | $ | 7,838,829 | $ | 7,530,464 | $ | 5,379,971 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Denominator: | |||||||||||
Weighted average common shares outstanding | 9,044,844 | 6,828,512 | 6,223,057 | ||||||||
Effect of Diluted Options | 104,356 | 65,133 | 30,841 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted shares | 9,149,200 | 6,893,645 | 6,253,898 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income per share: | |||||||||||
Basic | $ | 0.87 | $ | 1.1 | $ | 0.86 | |||||
Diluted | $ | 0.86 | $ | 1.09 | $ | 0.86 | |||||
        Comprehensive income—Comprehensive income includes net income attributable to Bancshares and the unrealized gain (loss) on investment securities available for sale net of related income taxes and unrealized gain (loss) on the pension plan. The line item affected in the consolidated statements of income by the re-classified amounts is gain on sales or calls of investment securities. | |||||||||||
        Reclassifications—We have made certain reclassifications to the 2012 and 2011 financial presentation to conform to the 2013 presentation. | |||||||||||
        Recent Accounting Pronouncements—In February 2013, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" ("ASU 2013-02"). This guidance is the culmination of the FASB's deliberation on reporting reclassification adjustments from accumulated other comprehensive income ("AOCI"). The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income. However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety, by component, on the face of the statement of operations or in the notes thereto. Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. This standard is effective prospectively for annual and interim reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have an impact on our financial condition, results of operations, or cash flows, but did result in additional disclosures in the financial statements. | |||||||||||
        ASU 2012-02 "Intangibles—Goodwill and Other (Topic 350) Testing Indefinite-Lived Intangible Assets for Impairment" gives entities the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that an indefinite lived intangible asset is impaired. If, after assessing the totality of events or circumstances, an entity determines it is more likely than not that an indefinite lived intangible asset is impaired, then the entity must perform the quantitative impairment test. If, under the quantitative impairment test, the carrying amount of the intangible asset exceeds its fair value, an entity should recognize an impairment loss in the amount of that excess. Permitting an entity to assess qualitative factors when testing indefinite lived intangible assets for impairment results in guidance that is similar to the goodwill impairment testing guidance in ASU 2011-08. ASU 2012-02 was effective January 1, 2013 (early adoption permitted) and it did not have a significant impact on our financial statements or results of operations. | |||||||||||
Acquisition_of_WSB_Holdings_In
Acquisition of WSB Holdings, Inc. | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Acquisition of WSB Holdings, Inc. | ' | ||||||||||
Acquisition of WSB Holdings, Inc. | ' | ||||||||||
2. Acquisition of WSB Holdings, Inc. | |||||||||||
        On May 10, 2013, Bancshares acquired WSB Holdings, Inc. (WSB Holdings), the parent company of The Washington Savings Bank, F.S.B. (WSB). We converted each share of common stock of WSB Holdings into the right to receive, at the holder's election, $6.0743 in cash or 0.557 shares of Bancshares' common stock. We paid cash for any fractional shares of Bancshares' common stock and aggregate cash consideration of $17.0 million. The total merger consideration was $54.7 million. | |||||||||||
        In connection with the acquisition, WSB was merged with and into Old Line Bank, with the Bank the surviving bank. | |||||||||||
        The acquired assets and assumed liabilities of WSB Holdings were measured at estimated fair value. Management made significant estimates and exercised significant judgment in accounting for the acquisition of WSB Holdings. Management judgmentally assigned risk ratings to loans based on appraisals and estimated collateral values, expected cash flows, prepayment speeds and estimated loss factors to measure fair values for loans. Other real estate acquired through foreclosure was valued based upon pending sales contracts and appraised values, adjusted for current market conditions. Premises and equipment was valued based on recent appraised values. Management used quoted or current market prices to determine the fair value of investment securities and long-term borrowings that were assumed from WSB Holdings. | |||||||||||
        The statement of net assets acquired and the resulting goodwill recorded is presented in the following table. As explained in the notes that accompany the following table, the purchased assets, assumed liabilities and identifiable intangible assets were recorded at the acquisition date fair value. | |||||||||||
As Recorded by | Fair Value | As Recorded by | |||||||||
WSB Holdings, Inc | Adjustments | Old Line | |||||||||
Bancshares, Inc. | |||||||||||
Assets | |||||||||||
Cash and due from banks | $ | 5,576,699 | $ | — | $ | 5,576,699 | |||||
Federal funds sold | 33,269,900 | (16,966,208 | ) | 16,303,692 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cash and cash equivalents | 38,846,599 | (16,966,208 | ) | 21,880,391 | |||||||
Investment securities available for sale | 79,476,355 | -101,654 | (a) | 79,374,701 | |||||||
Loans, net of deferred fees and costs | 177,204,282 | -14,263,180 | (b) | 162,941,102 | |||||||
Allowance for loan losses | (2,767,274 | ) | 2,767,274 | (b) | — | ||||||
Premises and equipment | 4,705,902 | 5,673,151 | (c) | 10,379,053 | |||||||
Accrued interest receivable | 886,413 | — | 886,413 | ||||||||
Deferred income taxes | 7,396,519 | 4,005,790 | (d) | 11,402,309 | |||||||
Bank owned life insurance | 12,986,817 | — | 12,986,817 | ||||||||
Other real estate owned | 5,225,958 | -993,476 | (e) | 4,232,482 | |||||||
Core deposit intangible | — | 2,434,723 | (f) | 2,434,723 | |||||||
Other assets | 4,326,538 | (567,850 | )(g) | 3,758,688 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 328,288,109 | $ | (18,011,430 | ) | $ | 310,276,679 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Liabilities and Stockholders' Equity | |||||||||||
Deposits | |||||||||||
Non-interest bearing | $ | 10,863,874 | $ | — | $ | 10,863,874 | |||||
Interest bearing | 204,375,389 | 955,452 | (h) | 205,330,841 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total deposits | 215,239,263 | 955,452 | 216,194,715 | ||||||||
Long term borrowings | 56,000,000 | 4,250,568 | (i) | 60,250,568 | |||||||
Accrued interest payable | 246,416 | — | 246,416 | ||||||||
Other liabilities | 2,979,727 | 118,066 | 3,097,793 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities | $ | 274,465,406 | $ | 5,324,086 | $ | 279,789,492 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net identifiable assets acquired over (under) liabilities assumed | 53,822,703 | (23,335,516 | ) | 30,487,187 | |||||||
Goodwill | — | 7,159,875 | (j) | 7,159,875 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net assets acquired over liabilities assumed | 53,822,703 | (16,175,641 | ) | 37,647,062 | |||||||
Explanation of fair value adjustments | |||||||||||
(a) | |||||||||||
Adjustment reflects marking the available for sale portfolio to fair value as of the acquisition date. | |||||||||||
(b) | |||||||||||
Adjustment reflects the fair value adjustments based on Old Line Bancshares' evaluation of the acquired loan portfolio and excludes the allowance for losses recorded by WSB Holdings. | |||||||||||
(c) | |||||||||||
Adjustment reflects the fair value adjustments based on Bancshares' evaluation of the acquired premises and equipment. | |||||||||||
(d) | |||||||||||
Adjustment to record deferred tax asset related to fair value adjustments at 39.45% income tax rate. | |||||||||||
(e) | |||||||||||
Adjustment reflects the fair value adjustments to other real estate owned based on Bancshares' evaluation of the acquired other real estate owned portfolio. | |||||||||||
(f) | |||||||||||
Adjustment reflects the recording of the core deposits intangible on the acquired deposit accounts. | |||||||||||
(g) | |||||||||||
Adjustment reflects the impairment of certain WSB Holdings' prepaid and deferred accounts. | |||||||||||
(h) | |||||||||||
Adjustment arises since the rates on interest-bearing deposits are higher than rates available on similar deposits as of the acquisition date. | |||||||||||
(i) | |||||||||||
Adjustment reflects the fair value of WSB Holdings' borrowings acquired on acquisition date and is related to the Federal Home Loan Bank of Atlanta ("FHLB") pre-payment penalty incurred subsequent to the acquisition date in the connection with the repayment of all of WSB's FHLB advances by Bancshares. | |||||||||||
(j) | |||||||||||
Within the measurement period, goodwill was increased $946,240. | |||||||||||
        We allocated the purchase price for WSB Holdings as follows: | |||||||||||
Purchase Price Consideration—Common Stock | |||||||||||
WSB Holdings shares outstanding exchanged for stock | 5,223,633 | ||||||||||
Exchange ratio | 0.557 | ||||||||||
Old Line Bancshares shares issued to WSB Holdings stockholders | 2,909,486 | ||||||||||
Purchase price per WSB Holdings common share | $ | 6.0743 | |||||||||
Cash consideration | $ | 16,966,208 | |||||||||
Purchase price assigned to shares exchanged for stock | $ | 37,765,128 | |||||||||
Expenses not accrued for and paid by Old Line Bank | $ | (118,066 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Final purchase price for WSB acquisition | $ | 37,647,062 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
        The following is an outline of the expenses that we have incurred during the years ended December 31, 2013 and 2012 in conjunction with the WSB Holdings merger: | |||||||||||
Years ended December 31, | 2013 | 2012 | |||||||||
Data processing | $ | 2,610,429 | $ | — | |||||||
Salaries | 254,517 | — | |||||||||
Advisory & legal fees | 523,684 | 314,676 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 3,388,630 | $ | 314,676 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        During the third quarter of 2013, within the measurement period, goodwill was increased $946,240 associated with the acquisition of WSB Holdings. This amount represented the difference between the estimated fair value of tangible and intangible assets acquired and liabilities assumed at acquisition date. This increase represents an increase of $102,484 to our fair value adjustment on one lot loan, a decrease of $2,949 in our deferred tax assets, a decrease of $8,310 to our fair value adjustment on one commercial land property in other real estate owned and a decrease of $849,117 on the fair value of our investments classified as available for sale that we identified during the period. | |||||||||||
        As a result of the acquisition of WSB Holdings, during the second quarter of 2013 we recorded a core deposit intangible of $2.4 million. This amount represented the premium that we paid to acquire WSB's core deposits over the fair value of such deposits. We will amortize the core deposit intangible on an accelerated basis over its estimated useful life of ten years. | |||||||||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Goodwill and Other Intangible Assets | ' | |||||||
Goodwill and Other Intangible Assets | ' | |||||||
3. Goodwill and Other Intangible Assets | ||||||||
        The following is a summary of changes in the carrying amounts of goodwill as well as the gross carrying amounts and accumulated amortization of core deposit intangibles: | ||||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Goodwill: | ||||||||
Carrying amount at beginning of year | $ | 633,790 | $ | 633,790 | ||||
Goodwill from WSB acquisition | 7,159,875 | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Carrying amount at end of year | $ | 7,793,665 | $ | 633,790 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Core deposit intangible: | ||||||||
Core deposit intangible | $ | 5,002,917 | $ | 5,002,917 | ||||
Acquired during the year | 2,434,723 | — | ||||||
Less accumulated amortization | (2,150,139 | ) | (1,311,445 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Carrying amount at end of year | $ | 5,287,501 | $ | 3,691,472 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        We recorded amortization expense related to the core deposit intangible of $838,694, $727,421 and $584,024 for the years ended December 31, 2013, 2012 and 2011, respectively. Core deposit intangibles are being amortized as follows: | ||||||||
Years ended December 31, | Core Deposit | |||||||
Premium | ||||||||
2014 | $ | 866,706 | ||||||
2015 | 792,898 | |||||||
2016 | 717,873 | |||||||
2017 | 641,632 | |||||||
2018 | 564,173 | |||||||
Thereafter | 1,704,219 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 5,287,501 | ||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
Cash_and_Equivalents
Cash and Equivalents | 12 Months Ended |
Dec. 31, 2013 | |
Cash and Equivalents | ' |
Cash and Equivalents | ' |
4. Cash and Equivalents | |
        The Bank may carry balances with other banks that exceed the federally insured limit. The average balance exceeded the federally insured limit by $347,612 in 2013 and by $4,374,082 in 2012. The Bank also sells federal funds on an unsecured basis to the same banks. The average balance sold was $3,582,839 and $4,160,808 in 2013 and, 2012, respectively. Federal banking regulations require banks to carry non-interest bearing cash reserves at specified percentages of deposit balances. The Bank's normal amount of cash on hand and on deposit with other banks is sufficient to satisfy the reserve requirements. | |
Investment_Securities
Investment Securities | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Investment Securities | ' | |||||||||||||||||||
Investment Securities | ' | |||||||||||||||||||
5. Investment Securities | ||||||||||||||||||||
        Investment securities are summarized as follows: | ||||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||
cost | unrealized | unrealized | fair value | |||||||||||||||||
gains | losses | |||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Available for sale | ||||||||||||||||||||
U. S. treasury | $ | 1,249,831 | $ | 156 | $ | — | $ | 1,249,987 | ||||||||||||
U.S. government agency | 42,942,107 | — | (2,206,975 | ) | 40,735,132 | |||||||||||||||
Municipal securities | 61,190,506 | 601,327 | (2,525,198 | ) | 59,266,635 | |||||||||||||||
Mortgage backed securities: | ||||||||||||||||||||
FHLMC certificates | 5,214,835 | 75,950 | (84,819 | ) | 5,205,966 | |||||||||||||||
FNMA certificates | 19,055,521 | 161,209 | (513,728 | ) | 18,703,002 | |||||||||||||||
GNMA certificates | 40,878,372 | 127,750 | (1,084,896 | ) | 39,921,226 | |||||||||||||||
SBA loan pools | 7,339,052 | — | (251,224 | ) | 7,087,828 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 177,870,224 | $ | 966,392 | $ | (6,666,840 | ) | $ | 172,169,776 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
December 31, 2012 | ||||||||||||||||||||
Available for sale | ||||||||||||||||||||
U. S. treasury | $ | 1,249,708 | $ | 1,542 | $ | — | $ | 1,251,250 | ||||||||||||
U.S. government agency | 28,493,293 | 105,183 | (27,505 | ) | 28,570,971 | |||||||||||||||
Municipal securities | 61,670,324 | 2,453,427 | (270,102 | ) | 63,853,649 | |||||||||||||||
Mortgage backed securities | ||||||||||||||||||||
FHLMC certificates | 6,448,848 | 245,541 | (4,858 | ) | 6,689,531 | |||||||||||||||
FNMA certificates | 17,600,875 | 858,903 | — | 18,459,778 | ||||||||||||||||
GNMA certificates | 50,914,071 | 700,339 | (2,699 | ) | 51,611,711 | |||||||||||||||
SBA loan pools | 1,098,701 | 5,631 | — | 1,104,332 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 167,475,820 | $ | 4,370,566 | $ | (305,164 | ) | $ | 171,541,222 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
        The table below summarizes investment securities with unrealized losses and the length of time the securities have been in an unrealized loss position as of December 31, 2013 and 2012: | ||||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Less than 12Â months | 12 Months or More | Total | ||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||
U.S. government agency | $ | 39,324,082 | $ | 2,107,099 | $ | 1,411,050 | $ | 99,876 | $ | 40,735,132 | $ | 2,206,975 | ||||||||
Municipal securities | 30,367,222 | 1,654,439 | 9,190,578 | 870,759 | 39,557,800 | 2,525,198 | ||||||||||||||
Mortgage backed securities | ||||||||||||||||||||
FHLMC certificates | 2,827,273 | 84,819 | — | — | 2,827,273 | 84,819 | ||||||||||||||
FNMA certificates | 13,596,358 | 513,728 | — | — | 13,596,358 | 513,728 | ||||||||||||||
GNMA certificates | 25,094,656 | 858,339 | 4,823,932 | 226,557 | 29,918,588 | 1,084,896 | ||||||||||||||
SBA loan pools | 7,087,828 | 251,224 | — | — | 7,087,828 | 251,224 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 118,297,419 | $ | 5,469,648 | $ | 15,425,560 | $ | 1,197,192 | $ | 133,722,979 | $ | 6,666,840 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31,2012 | ||||||||||||||||||||
Less than 12Â months | 12 Months | Total | ||||||||||||||||||
or More | ||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||
U.S. government agency | $ | 4,498,200 | $ | 27,505 | $ | — | $ | — | $ | 4,498,200 | $ | 27,505 | ||||||||
Municipal securities | 13,470,047 | 270,102 | — | — | 13,470,047 | 270,102 | ||||||||||||||
Mortgage backed securities | ||||||||||||||||||||
FHLMC certificates | 1,340,171 | 4,858 | — | — | 1,340,171 | 4,858 | ||||||||||||||
FNMA certificates | — | — | — | — | — | — | ||||||||||||||
GNMA certificates | 1,456,840 | 2,699 | — | — | 1,456,840 | 2,699 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 20,765,258 | $ | 305,164 | $ | — | $ | — | $ | 20,765,258 | $ | 305,164 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        At December 31, 2013, we had 120 investment securities that were in an unrealized loss position for less than 12 months and 26 investment securities in an unrealized loss position for 12 months or more. | ||||||||||||||||||||
        We consider all unrealized losses on securities as of December 31, 2013 to be temporary losses because we will redeem each security at face value at or prior to maturity. We have the ability and intent to hold these securities until recovery or maturity. As of December 31, 2013, we do not have the intent to sell any of the securities classified as available for sale with unrealized losses and believe that it is more likely than not that we will not have to sell any such securities before a recovery of cost. In most cases, market interest rate fluctuations cause a temporary impairment in value. We expect the fair value to recover as the investments approach their maturity date or re-pricing date or if market yields for these investments decline. We do not believe that credit quality caused the impairment in any of these securities. Because we believe these impairments are temporary, we have not recognized any other than temporary impairment loss in our consolidated statement of income. | ||||||||||||||||||||
        During the year ended December 31, 2013, we received $95,338,330 in proceeds from sales and calls and realized gains of $857,079 and realized losses of $215,991 for total realized net gain of $641,088. During the year ended December 31, 2012, we received $30,961,092 in proceeds from sales and calls of investment securities and realized gains of $1,169,274 and realized losses of $12,493 for a total net gain of $1,156,781. | ||||||||||||||||||||
        Contractual maturities and pledged securities at December 31, 2013 and 2012, are shown below. Actual maturities will differ from contractual maturities because borrowers have the right to call or prepay obligations with or without prepayment penalties. In addition, we classify mortgage backed securities based on maturity date, although the Bank receives payments on a monthly basis. We have pledged securities to customers who have funds invested in overnight repurchase agreements and deposits. | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
December 31, | Amortized | Fair | Amortized | Fair | ||||||||||||||||
cost | value | cost | value | |||||||||||||||||
Maturing | ||||||||||||||||||||
Within one year | $ | 1,249,831 | $ | 1,249,988 | $ | 1,524,056 | $ | 1,527,846 | ||||||||||||
Over one to five years | 10,547,434 | 10,411,815 | 14,230,204 | 14,348,906 | ||||||||||||||||
Over five to ten years | 46,455,999 | 44,572,445 | 29,888,753 | 30,476,885 | ||||||||||||||||
Over ten years | 119,616,960 | 115,935,528 | 121,832,807 | 125,187,585 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 177,870,224 | $ | 172,169,776 | $ | 167,475,820 | $ | 171,541,222 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Pledged securities | $ | 42,020,023 | $ | 41,289,389 | $ | 34,312,950 | $ | 35,085,026 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Loans_and_Allowance_for_Loan_L
Loans and Allowance for Loan Losses | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | |||||||||||||||||||
Loans and Allowance for Loan Losses | ' | |||||||||||||||||||
6. Loans and Allowance for Loan Losses | ||||||||||||||||||||
        Major classifications of loans are as follows: | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||
Legacy(1) | Acquired | Total | Legacy(1) | Acquired | Total | |||||||||||||||
Commercial Real Estate | ||||||||||||||||||||
Owner Occupied | $ | 163,105,356 | $ | 30,102,731 | $ | 193,208,087 | $ | 143,659,006 | $ | 35,918,995 | $ | 179,578,001 | ||||||||
Investment | 162,188,671 | 54,091,676 | 216,280,347 | 86,718,482 | 25,856,159 | 112,574,641 | ||||||||||||||
Hospitality | 67,291,387 | 8,546,239 | 75,837,626 | 61,278,653 | — | 61,278,653 | ||||||||||||||
Land and A&D | 40,595,806 | 8,399,178 | 48,994,984 | 22,633,751 | 3,328,394 | 25,962,145 | ||||||||||||||
Residential Real Estate | ||||||||||||||||||||
First Lien—Investment | 45,294,434 | 28,364,096 | 73,658,530 | 27,872,303 | 17,752,952 | 45,625,255 | ||||||||||||||
First Lien—Owner Occupied | 13,909,939 | 62,247,502 | 76,157,441 | 6,794,384 | 29,298,823 | 36,093,207 | ||||||||||||||
Residential Land and A&D | 19,845,291 | 13,724,942 | 33,570,233 | 20,191,960 | 7,802,094 | 27,994,054 | ||||||||||||||
HELOC and Jr. Liens | 18,302,560 | 3,359,063 | 21,661,623 | 16,405,433 | 3,263,189 | 19,668,622 | ||||||||||||||
Commercial and Industrial | 89,629,043 | 11,161,347 | 100,790,390 | 69,746,472 | 8,490,785 | 78,237,257 | ||||||||||||||
Consumer | 10,127,525 | 870,843 | 10,998,368 | 9,944,466 | 1,059,991 | 11,004,457 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
630,290,012 | 220,867,617 | 851,157,629 | 465,244,910 | 132,771,382 | 598,016,292 | |||||||||||||||
Allowance for loan losses | (4,397,552 | ) | (531,661 | ) | (4,929,213 | ) | (3,648,723 | ) | (316,624 | ) | (3,965,347 | ) | ||||||||
Deferred loan costs, net | 1,021,167 | (993 | ) | 1,020,174 | 1,093,983 | — | 1,093,983 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 626,913,627 | $ | 220,334,963 | $ | 847,248,590 | $ | 462,690,170 | $ | 132,454,758 | $ | 595,144,928 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
-1 | ||||||||||||||||||||
As a result of the acquisitions of Maryland Bankcorp, Inc. (Maryland Bankcorp), the parent company of Maryland Bank & Trust Company, N.A. (MB&T), in April 2011 and of WSB Holdings, the parent company of WSB, in May 2013, we have segmented the portfolio into two components, loans originated by the Bank (legacy) and loans acquired from MB&T and WSB (acquired). | ||||||||||||||||||||
Credit Policies and Administration | ||||||||||||||||||||
        We have adopted a comprehensive lending policy, which includes stringent underwriting standards for all types of loans. We have designed our underwriting standards to promote a complete banking relationship rather than a transactional relationship. In an effort to manage risk, prior to funding, the loan committee consisting of the Executive Officers and seven members of the Board of Directors must approve by a majority vote all credit decisions in excess of a lending officer's lending authority. | ||||||||||||||||||||
        Management believes that it employs experienced lending officers, secures appropriate collateral and carefully monitors the financial condition of its borrowers and loan concentrations. | ||||||||||||||||||||
        In addition to the internal business processes employed in the credit administration area, the Bank retains an outside independent firm to review the loan portfolio. This firm performs a detailed annual review and an interim update. We use the results of the firm's report to validate our internal ratings and we review the commentary on specific loans and on our loan administration activities in order to improve our operations. | ||||||||||||||||||||
Commercial Real Estate Loans | ||||||||||||||||||||
        We finance commercial real estate for our clients, for owner occupied and investment properties. Commercial real estate loans totaled $534.3 million and $379.4 million at December 31, 2013 and 2012. This lending has involved loans secured by owner-occupied commercial buildings for office, storage and warehouse space, as well as non-owner occupied commercial buildings. Our underwriting criteria for commercial real estate loans include maximum loan-to-value ratios, debt coverage ratios, secondary sources of repayments, guarantor requirements, net worth requirements and quality of cash flows. Loans secured by commercial real estate may be large in size and may involve a greater degree of risk than one-to-four family residential mortgage loans. Payments on such loans are often dependent of successful operation or management of the properties. We will generally finance owner occupied commercial real estate at a maximum loan to value of 85% and investor real estate at a maximum loan to value of 75%. | ||||||||||||||||||||
        Commercial real estate lending entails significant risks. Risks inherent in managing our commercial real estate portfolio relate to sudden or gradual drops in property values as well as changes in the economic climate that may detrimentally impact the borrower's ability to repay. We monitor the financial condition and operating performance of the borrower through a review of annual tax returns and updated financial statements. In addition, we meet with the borrower and/or perform site visits as required. | ||||||||||||||||||||
        At December 31, 2013, we had approximately $75.8 million of commercial real estate loans outstanding to the hospitality industry. An individual review of these loans indicates that they generally have a low loan to value, more than acceptable existing or projected cash flow, are to experienced operators and are generally dispersed throughout the region. | ||||||||||||||||||||
Residential Real Estate Loans | ||||||||||||||||||||
        We offer a variety of consumer oriented residential real estate loans including home equity lines of credit, home improvement loans and first or second mortgages on investment properties. Our residential loan portfolio amounted to $205.0 and $129.4 million at December 31, 2013 and 2012. Although most of these loans are in our primary market area, the diversity of the individual loans in the portfolio reduces our potential risk. Usually, we secure our residential real estate loans with a security interest in the borrower's primary or secondary residence with a loan to value not exceeding 85%. Our initial underwriting includes an analysis of the borrower's debt/income ratio which generally may not exceed 43%, collateral value, length of employment and prior credit history. A credit score of 660 is required. We do not originate any subprime residential real estate loans. We also originate loans for resale in the secondary market on a servicing released basis and record these loans as held-for-sale. The premium is recorded in gain on sale of loans in non-interest income. Our minimum credit score required for loans sold in secondary market is 640 with some exceptions to 620 for Veterans. | ||||||||||||||||||||
        This segment of our portfolio also consists of funds advanced for construction of single family residences, multi-family housing and commercial buildings for the construction of custom homes (where the home buyer is the borrower) and provides financing to builders and consumers for the construction of pre-sold homes. We also make commercial real estate construction loans, primarily for owner-occupied properties. To mitigate the risks, we generally limit loan amounts to 80% or less of appraised values and obtain first lien positions on the property. The Bank limits its construction lending risk through adherence to established underwriting procedures. These loans generally have short durations, meaning maturities typically of nine months or less. Residential houses, multi-family dwellings and commercial buildings under construction and the underlying land for which the loan was obtained secure the construction loans. The vast majority of these loans are concentrated in our primary market area. | ||||||||||||||||||||
        Construction lending also entails significant risk. These risks involve larger loan balances concentrated with single borrowers with funds advanced upon the security of the land or the project under construction. An appraisal of the property estimates the value of the project prior to completion of construction. Thus, it is more difficult to accurately evaluate the total loan funds required to complete a project and related loan to value ratios. To mitigate the risks, we generally limit loan amounts to 80% or less of appraised values and obtain first lien positions on the property. We generally only offer real estate construction financing to experienced builders, commercial entities or individuals who have demonstrated the ability to obtain a permanent loan "take-out". We also perform a complete analysis of the borrower and the project under construction. This analysis includes a review of the cost to construct, the borrower's ability to obtain a permanent "take-out", the cash flow available to support the debt payments and construction costs in excess of loan proceeds, and the value of the collateral. During construction, we advance funds on these loans on a percentage of completion basis. We inspect each project as needed prior to advancing funds during the term of the construction loan. | ||||||||||||||||||||
Commercial Business Lending | ||||||||||||||||||||
        Our commercial business lending consists of lines of credit, revolving credit facilities, accounts receivable financing, term loans, equipment loans, SBA loans, standby letters of credit and unsecured loans. We originate commercial business loans for any business purpose including the financing of leasehold improvements and equipment, the carrying of accounts receivable, general working capital, and acquisition activities. We have a diverse client base and we do not have a concentration of these types of loans in any specific industry segment. We generally secure commercial business loans with accounts receivable, equipment, deeds of trust and other collateral such as marketable securities, cash value of life insurance and time deposits at the Bank. | ||||||||||||||||||||
        Commercial business loans generally depend on the success of the business for repayment. They may also involve high average balances, increased difficulty monitoring and a high risk of default. To help manage this risk, we typically limit these loans to proven businesses and we generally obtain appropriate collateral and personal guarantees from the borrower's principal owners and monitor the financial condition of the business. For loans in excess of $250,000, monitoring generally includes a review of the borrower's annual tax returns and updated financial statements. | ||||||||||||||||||||
Consumer Installment Lending | ||||||||||||||||||||
        We offer various types of secured and unsecured consumer loans. We make consumer loans for personal, family or household purposes as a convenience to our customer base. However, these loans are not a focus of our lending activities. As a general guideline, a consumer's total debt service should not exceed 40% of his or her gross income. The underwriting standards for consumer loans include a determination of the applicant's payment history on other debts and an assessment of his or her ability to meet existing obligations and payments on the proposed loan. | ||||||||||||||||||||
        Consumer loans are risky because they are unsecured or rapidly depreciating assets secure these loans. Repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance because of the greater likelihood of damage, loss or depreciation. Consumer loan collections depend on the borrower's continuing financial stability. If a borrower suffers personal financial difficulties, the consumer may not repay the loan. Also, various federal and state laws, including bankruptcy and insolvency laws, may limit the amount we can recover on such loans. | ||||||||||||||||||||
Concentrations of Credit | ||||||||||||||||||||
        Most of our lending activity occurs within the state of Maryland within the suburban Washington, D.C. market area in Anne Arundel, Calvert, Charles, Montgomery, Prince George's and St. Mary's counties. The majority of our loan portfolio consists of commercial real estate loans and commercial and industrial loans. As of December 31, 2013 and 2012, the only industry in which we had a concentration of loans was the hospitality industry, as previously mentioned. | ||||||||||||||||||||
Non-Accrual and Past Due Loans | ||||||||||||||||||||
        We consider loans past due if the borrower has not paid the required principal and interest payments when due under the original or modified terms of the promissory note and place a loan on non-accrual status when the payment of principal or interest has become 90 days past due. When we classify a loan as non-accrual, we no longer accrue interest on such loan and we reverse any interest previously accrued but not collected. We will generally restore a non-accrual loan to accrual status when the borrower brings delinquent principal and interest payments current and we expect to collect future monthly principal and interest payments. We recognize interest on non-accrual legacy loans only when received. We originally recorded purchased, credit-impaired loans at fair value upon acquisition, and an accretable yield is established and recognized as interest income on purchased loans to the extent subsequent cash flows support the estimated accretable yield. Purchased, credit-impaired loans that perform consistently with the accretable yield expectations are not reported as non-accrual or non-performing. However, purchased, credit-impaired loans that do not continue to perform according to accretable yield expectations are considered impaired, and presented as non-accrual and non-performing. Currently, management expects to fully collect the carrying value of acquired, credit-impaired loans. | ||||||||||||||||||||
        The table below presents an aging analysis of the loan held for investment portfolio at December 31, 2013 and 2012. | ||||||||||||||||||||
Age Analysis of Past Due Loans | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||
Legacy | Acquired | Total | Legacy | Acquired | Total | |||||||||||||||
Current | $ | 620,559,847 | $ | 214,086,692 | $ | 834,646,539 | $ | 461,628,288 | $ | 128,070,641 | $ | 589,698,929 | ||||||||
Accruing past due loans: | ||||||||||||||||||||
30 - 89Â days past due | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 828,388 | 54,035 | 882,423 | 830,349 | — | 830,349 | ||||||||||||||
Investment | — | 534,694 | 534,694 | — | — | — | ||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 521,405 | 845,018 | 1,366,423 | 531,521 | 250,000 | 781,521 | ||||||||||||||
First-Owner Occupied | — | 2,584,408 | 2,584,408 | — | 260,251 | 260,251 | ||||||||||||||
Land and A&D | — | 35,162 | 35,162 | — | — | — | ||||||||||||||
HELOC and Jr. Liens | — | — | — | — | 48,921 | 48,921 | ||||||||||||||
Commercial | 224,322 | 396,215 | 620,537 | 436,868 | 36,923 | 473,791 | ||||||||||||||
Consumer | — | 14,108 | 14,108 | — | 6,283 | 6,283 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total 30 - 89Â days past due | 1,574,115 | 4,463,640 | 6,037,755 | 1,798,738 | 602,378 | 2,401,116 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
90 or more days past due | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | — | 309,767 | 309,767 | — | — | — | ||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | — | — | — | — | — | — | ||||||||||||||
First-Owner Occupied | — | 429,144 | 429,144 | — | — | — | ||||||||||||||
Land and A&D | — | 915,649 | 915,649 | — | — | — | ||||||||||||||
Consumer | — | — | — | — | 6,410 | 6,410 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total 90 or more days past due | — | 1,654,560 | 1,654,560 | — | 6,410 | 6,410 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total accruing past due loans | 1,574,115 | 6,118,200 | 7,692,315 | 1,798,738 | 608,788 | 2,407,526 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Recorded Investment Non-accruing loans: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,849,685 | — | 1,849,685 | — | 771,190 | 771,190 | ||||||||||||||
Investment | — | 376,050 | 376,050 | — | — | — | ||||||||||||||
Hospitality | 4,473,345 | — | 4,473,345 | — | — | — | ||||||||||||||
Land and A&D | — | — | — | 351,276 | 200,000 | 551,276 | ||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 123,183 | — | 123,183 | 138,708 | 925,696 | 1,064,404 | ||||||||||||||
First-Owner Occupied | 925,814 | 156,143 | 1,081,957 | 453,165 | 1,818,051 | 2,271,216 | ||||||||||||||
Land and A&D | — | 130,532 | 130,532 | — | 341,624 | 341,624 | ||||||||||||||
Commercial | 769,597 | — | 769,597 | 874,735 | 35,392 | 910,127 | ||||||||||||||
Consumer | 14,426 | — | 14,426 | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Recorded Investment | ||||||||||||||||||||
Non-accruing past due loans: | 8,156,050 | 662,725 | 8,818,775 | 1,817,884 | 4,091,953 | 5,909,837 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Loans | $ | 630,290,012 | $ | 220,867,617 | $ | 851,157,629 | $ | 465,244,910 | $ | 132,771,382 | $ | 598,016,292 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        We evaluate all impaired loans, which includes non-performing loans and troubled debt restructurings (TDRs). We do not recognize interest income on non-performing loans during the time period that the loans are non-performing on either a cash or accrual basis. We only recognize interest income on non-performing loans when we receive payment in full for all amounts due of all contractually required principle and interest, and the loan is current with its contractual terms. The accrued interest recognized on impaired loans was immaterial during the year ended December 31, 2012. | ||||||||||||||||||||
        We individually evaluate all legacy substandard loans risk rated seven, certain legacy special mention loans risk rated six and all legacy TDRs, for impairment. We individually evaluate all acquired loans that we risk rated substandard seven subsequent to the acquisition, certain acquired special mention loans risk rated six and all acquired TDRs for impairment. We also evaluate all loans acquired and recorded at fair value under ASC 310-30 for impairment. | ||||||||||||||||||||
        The table below presents our impaired loans at December 31, 2013. | ||||||||||||||||||||
Impaired Loans Twelve months ended December 31, 2013 | ||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | ||||||||||||||||
Balance | Investment | Recognized | ||||||||||||||||||
Legacy | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | $ | 1,849,685 | $ | 1,849,685 | $ | — | $ | 1,855,418 | $ | 70,711 | ||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 123,183 | 123,183 | — | 129,105 | — | |||||||||||||||
Commercial | 2,136,376 | 2,136,376 | — | 2,235,110 | 90,917 | |||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 274,516 | 274,516 | 137,258 | 282,630 | 18,177 | |||||||||||||||
Investment | 1,363,821 | 1,363,821 | 136,382 | 1,385,973 | 63,855 | |||||||||||||||
Hospitality | 4,473,345 | 4,473,345 | 1,250,000 | 4,491,435 | 105,772 | |||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 925,814 | 925,814 | 167,450 | 931,492 | 16,664 | |||||||||||||||
Commercial | 459,439 | 459,439 | 191,753 | 510,230 | 31,018 | |||||||||||||||
Consumer | 7,390 | 7,390 | 7,390 | 7,426 | 32 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total legacy impaired | 11,613,569 | 11,613,569 | 1,890,233 | 11,828,819 | 397,146 | |||||||||||||||
Acquired(1) | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 605,314 | 579,583 | — | 590,677 | 24,821 | |||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
Land and A&D | 1,628,156 | 241,624 | — | 241,624 | — | |||||||||||||||
Commercial | 87,387 | 87,387 | — | 88,508 | 4,533 | |||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Investment | 372,047 | 376,050 | 279,037 | 376,047 | 17,509 | |||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 411,891 | 412,742 | 187,109 | 414,020 | 11,460 | |||||||||||||||
Land and A&D | 131,031 | 130,532 | 65,515 | 130,332 | 8,709 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total acquired impaired | 3,235,826 | 1,827,918 | 531,661 | 1,841,208 | 67,032 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired | $ | 14,849,395 | $ | 13,441,487 | $ | 2,421,894 | $ | 13,670,027 | $ | 464,178 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
-1 | ||||||||||||||||||||
Generally accepted accounting principles require that we record acquired loans at fair value at acquisition date. These loans are not performing according to their contractual terms and meet our definition of an impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we may accrete their fair value discounts to interest income as a result of pre-payments that exceeds our cash flow expectations or payment in full of amounts due even though we classify them as non-accrual. | ||||||||||||||||||||
        The table below presents our impaired loans at December 31, 2012. | ||||||||||||||||||||
Impaired Loans Twelve months ended December 31, 2012 | ||||||||||||||||||||
Unpaid | Recorded | Related | Average | |||||||||||||||||
Principal | Investment | Allowance | Recorded | |||||||||||||||||
Balance | Investment | |||||||||||||||||||
Legacy | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | $ | 138,708 | $ | 138,708 | $ | — | $ | 167,157 | ||||||||||||
First-Owner Occupied | 453,165 | 453,165 | — | 546,108 | ||||||||||||||||
Commercial | 874,735 | 874,735 | — | 1,199,983 | ||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Land and A&D | 350,340 | 350,340 | 100,000 | 1,270,542 | ||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 499,122 | 499,122 | 25,000 | 499,122 | ||||||||||||||||
Commercial | — | — | — | 77,976 | ||||||||||||||||
Consumer | — | — | — | 142,671 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total legacy impaired | 2,316,070 | 2,316,070 | 125,000 | 3,903,559 | ||||||||||||||||
Acquired(1) | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 3,551,362 | 1,375,517 | — | 1,678,172 | ||||||||||||||||
Land and A&D | 349,698 | 200,000 | — | 202,674 | ||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 2,316,099 | 925,696 | 1,348,140 | |||||||||||||||||
First-Owner Occupied | 1,629,095 | 456,530 | — | 620,257 | ||||||||||||||||
Land and A&D | 244,700 | 100,000 | — | 65,856 | ||||||||||||||||
Commercial | 214,697 | 126,140 | — | 172,982 | ||||||||||||||||
Consumer | — | — | — | 51,540 | ||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Land and A&D | 1,628,156 | 241,624 | 241,624 | 657,812 | ||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 1,620,660 | 1,361,520 | 75,000 | 543,133 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total acquired impaired | 11,554,467 | 4,787,027 | 316,624 | 5,340,566 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total impaired | $ | 13,870,537 | $ | 7,103,097 | $ | 441,624 | $ | 9,244,125 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
-1 | ||||||||||||||||||||
Generally accepted accounting principles require that we record acquired loans at fair value at acquisition date. These loans are not performing according to their contractual terms and meet our definition of an impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we may accrete their fair value discounts to interest income as a result of pre-payments that exceeds our cash flow expectations or payment in full of amounts due even though we classify them as non-accrual. | ||||||||||||||||||||
        We consider a loan a TDR when we conclude that both of the following conditions exist: the restructuring constitutes a concession and the debtor is experiencing financial difficulties. Restructured loans at December 31, 2013 consisted of five loans for $666,970 compared to five loans at December 31, 2012 for $1,193,260. | ||||||||||||||||||||
        The following table includes the recorded investment and number of modifications for TDRs for the years ended December 31, 2013 and 2012. We report the recorded investment in loans prior to a modification and also the recorded investment in the loans after the loans were restructured. Reductions in the recorded investment are primarily due to the partial charge-off of the principal balance prior to the modification. | ||||||||||||||||||||
Loans Modified as a TDR for the twelve months ended | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||
Troubled Debt Restructurings— | # of | Pre- | Post | # of | Pre- | Post | ||||||||||||||
(Dollars in thousands) | Contracts | Modification | Modification | Contracts | Modification | Modification | ||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | |||||||||||||||||
Recorded | Recorded | Recorded | Recorded | |||||||||||||||||
Investment | Investment | Investment | Investment | |||||||||||||||||
Acquired | ||||||||||||||||||||
Residential Real Estate Owner Occupied | 1 | 60 | 60 | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Troubled Debt Restructurings | 1 | $ | 60 | $ | 60 | — | $ | — | $ | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        There were no loans that were modified as TDRs during the previous 12 months and for which there was a payment default during the years ended December 31, 2013 or 2012. | ||||||||||||||||||||
Acquired loans | ||||||||||||||||||||
        The following table outlines the contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all WSB impaired loans as of the acquisition date. | ||||||||||||||||||||
WSB Acquired Impaired Loans as of May 10, 2013 | ||||||||||||||||||||
May 10, 2013 | Contractually | Non-Accretable | Cash Flows | Accretable | Loans | |||||||||||||||
Required | Credit | Expected To Be | Yield | Receivable | ||||||||||||||||
Payments | Adjustments | Collected | ||||||||||||||||||
Receivable | ||||||||||||||||||||
Business loans risk rated 4 at acquisition | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
Business loans risk rated 5 at acquisition | 33,038 | 19,822 | 13,216 | 21 | 13,195 | |||||||||||||||
Business loans risk rated 6 at acquisition | 233,880 | 140,328 | 93,552 | 10,765 | 82,787 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total business loans | 266,918 | 160,150 | 106,768 | 10,786 | 95,982 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Real estate loans risk rated 4 at acquisition | 6,352,445 | 2,155,197 | 4,197,248 | 655,823 | 3,541,425 | |||||||||||||||
Real estate loans risk rated 5 at acquisition | 7,346,174 | 1,938,104 | 5,408,070 | 643,135 | 4,764,935 | |||||||||||||||
Real estate loans risk rated 6 at acquisition | 19,385,909 | 8,261,491 | 11,124,418 | 1,497,052 | 9,627,366 | |||||||||||||||
Real estate loans risk rated 7 at acquisition | 424,784 | 157,367 | 267,417 | (60,149 | ) | 327,566 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total real estate loans | 33,509,312 | 12,512,159 | 20,997,153 | 2,735,861 | 18,261,292 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired loans acquired | $ | 33,776,230 | $ | 12,672,309 | $ | 21,103,921 | $ | 2,746,647 | $ | 18,357,274 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        At our acquisition of WSB Holdings, we recorded all loans acquired at the estimated fair value on their purchase date with no carryover of the related allowance for loan losses. On the acquisition date, we segregated the loan portfolio into two loan pools, performing and non-performing. | ||||||||||||||||||||
        We had an independent third party determine the net discounted value of cash flows on approximately 450 performing loans totaling $143.5 million. The valuation took into consideration the loans' underlying characteristics, including account types, remaining terms, annual interest rates, interest types, past delinquencies, timing of principal and interest payments, current market rates, loan to value ratios, loss exposures, and remaining balances. These performing loans were segregated into pools based on loan and payment type and in some cases, risk grade. The effect of this fair valuation process was a net premium of $3.2 million at acquisition. We then adjusted these values for inherent credit risk within each pool, which resulted in a total credit adjustment of $2.5 million. | ||||||||||||||||||||
        We also individually evaluated 128 impaired loans totaling $33.7 million to determine the fair value as of the May 10, 2013 measurement date. In determining the fair value for each individually evaluated impaired loan, we considered a number of factors including the remaining life of the acquired loans, estimated prepayments, estimated loss ratios, estimated value of the underlying collateral and net present value of cash flows we expect to receive, among others. | ||||||||||||||||||||
        We established a credit risk related non-accretable difference of $12.7 million relating to these acquired, credit impaired loans, reflected in the recorded net fair value. We further estimated the timing and amount of expected cash flows in excess of the estimated fair value and established an accretable discount of $2.6 million on the acquisition date relating to these impaired loans. | ||||||||||||||||||||
        During the third quarter of 2013, we re-classified $21.1 million (net of credit marks) of our acquired loans to available for sale from loans acquired in the April 2011 merger with Maryland Bankcorp, the May 2013 merger with WSB Holdings and the repurchase, from another bank, of a participation on one of the WSB Holdings credit impaired loans. The loans disposed of totaled approximately $22.6 million, which consisted primarily of purchase credit impaired loans that we marketed with brokers and settled during the fourth quarter of 2013 through brokered sales transactions. The proceeds of this sale was approximately $3.4 million, which was recorded as gain on sale of loans. The disposals included approximately $12.0 million of loans that were over 90 days past due. | ||||||||||||||||||||
        The following tables outline the contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans at December 31, 2013 and 2012. | ||||||||||||||||||||
Acquired Impaired Loans at December 31, 2013 | ||||||||||||||||||||
December 31, 2013 | Contractually | Non-Accretable | Cash Flows | Accretable | Loans | |||||||||||||||
Required | Credit | Expected To Be | Yield | Receivable | ||||||||||||||||
Payments | Adjustments | Collected | ||||||||||||||||||
Receivable | ||||||||||||||||||||
Business loans risk rated 4 at acquisition | $ | 77,914 | $ | 5,104 | $ | 72,810 | $ | — | $ | 72,810 | ||||||||||
Business loans risk rated 5 at acquisition | 3,914 | 1,797 | 2,117 | — | 2,117 | |||||||||||||||
Business loans risk rated 6 at acquisition | — | — | — | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total business loans | 81,828 | 6,901 | 74,927 | — | 74,927 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Real estate loans risk rated 4 at acquisition | 3,487,315 | 457,567 | 3,029,748 | (17,431 | ) | 3,047,179 | ||||||||||||||
Real estate loans risk rated 5 at acquisition | 3,554,831 | 1,777,689 | 1,777,142 | 58,202 | 1,718,940 | |||||||||||||||
Real estate loans risk rated 6 at acquisition | 5,358,818 | 1,457,087 | 3,901,731 | — | 3,901,731 | |||||||||||||||
Real estate loans risk rated 7 at acquisition | — | — | — | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total real estate loans | 12,400,964 | 3,692,343 | 8,708,621 | 40,771 | 8,667,850 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired loans acquired | $ | 12,482,792 | $ | 3,699,244 | $ | 8,783,548 | $ | 40,771 | $ | 8,742,777 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Accretable Yield | ||||||||||||||||||||
Beginning balance December 31, 2012 | $ | — | ||||||||||||||||||
Additions due to WSB acquisition | 2,746,647 | |||||||||||||||||||
Accreted to income | (3,841,252 | ) | ||||||||||||||||||
Reclassification from non-accretable(1) | 3,823,134 | |||||||||||||||||||
Loans sold in the fourth quarter(2) | (2,687,758 | ) | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Ending balance December 31, 2013 | $ | 40,771 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
-1 | ||||||||||||||||||||
Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected. | ||||||||||||||||||||
-2 | ||||||||||||||||||||
Represents previously acquired impaired loans we pooled and sold in the fourth quarter. | ||||||||||||||||||||
Acquired Impaired Loans at December 31, 2012 | ||||||||||||||||||||
December 31, 2012 | Contractually | Non-Accretable | Cash Flows | Accretable | Loans | |||||||||||||||
Required | Credit | Expected To Be | Yield | Receivable | ||||||||||||||||
Payments | Adjustments | Collected | ||||||||||||||||||
Receivable | ||||||||||||||||||||
Business loans risk rated 4 at acquisition | $ | 1,371,081 | $ | 205,662 | $ | 1,165,419 | $ | — | $ | 1,165,419 | ||||||||||
Business loans risk rated 5 at acquisition | 50,153 | 42,882 | 7,271 | — | 7,271 | |||||||||||||||
Business loans risk rated 6 at acquisition | 87,422 | 52,030 | 35,392 | — | 35,392 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total business loans | 1,508,656 | 300,574 | 1,208,082 | — | 1,208,082 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Real estate loans risk rated 4 at acquisition | 3,526,864 | 482,256 | 3,044,608 | — | 3,044,608 | |||||||||||||||
Real estate loans risk rated 5 at acquisition | 3,474,335 | 1,706,877 | 1,767,458 | — | 1,767,458 | |||||||||||||||
Real estate loans risk rated 6 at acquisition | 16,420,887 | 9,077,153 | 7,343,734 | — | 7,343,734 | |||||||||||||||
Real estate loans risk rated 7 at acquisition | — | — | — | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total real estate loans | 23,422,086 | 11,266,286 | 12,155,800 | — | 12,155,800 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired loans acquired | $ | 24,930,742 | $ | 11,566,860 | $ | 13,363,882 | $ | — | $ | 13,363,882 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Accretable Yield | ||||||||||||||||||||
Beginning balance December 31, 2011 | $ | — | ||||||||||||||||||
Accreted to income | 3,343,955 | |||||||||||||||||||
Reclassification from non-accretable(1) | (3,343,955 | ) | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Ending balance December 31, 2012 | $ | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
-1 | ||||||||||||||||||||
Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected. | ||||||||||||||||||||
Credit Quality Indicators | ||||||||||||||||||||
        We review the adequacy of the allowance for loan losses at least quarterly. We base the evaluation of the adequacy of the allowance for loan losses upon loan categories. We categorize loans as residential real estate loans, commercial real estate loans, commercial loans and consumer loans. We further divide commercial real estate loans by owner occupied, investment, hospitality and land acquisition and development. We also divide residential real estate by owner occupied, investment, land acquisition and development and junior liens. All categories are divided by risk rating and loss factors and weighed by risk rating to determine estimated loss amounts. We evaluate delinquent loans and loans for which management has knowledge about possible credit problems of the borrower or knowledge of problems with collateral separately and assign loss amounts based upon the evaluation. | ||||||||||||||||||||
        We determine loss ratios for all loans based upon a review of the three year loss ratio for the category and qualitative factors. | ||||||||||||||||||||
        With respect to commercial loans, management assigns a risk rating of one through nine as follows: | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 1 (Highest Quality)—This category has the highest relative probability of repayment. Borrowers in this category would normally be investment grade risks, meaning entities having access (or capable of access) to the public capital markets and the supporting loan underwriting conforms to the standards of institutional credit providers. Credit risk is virtually absent due to the borrower's substantial financial capacity, superior liquidity, and outstanding debt service coverage. This rating is generally reserved for the strongest customers of the Bank, or for loans that are secured by a perfected security interest in U. S. Government securities, investment grade government sponsored entities bonds, investment grade municipal bonds, insured savings accounts and insured certificates of deposit drawn on Old Line Bank or other high quality financial institutions. Loans to individuals of vast financial capacity, or those supported by conservatively margined liquid collateral, may warrant this Highest Quality rating. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 2 (Very Good Quality) is normally assigned to a loan with a very high probability of repayment. Borrowers in this category may have access to alternative sources of financing. Credit risk is minimal due to the borrower's sound primary and secondary repayments sources, strong debt capacity and coverage and good management in all key positions. This rating is generally reserved for strong customers of the Bank, or for loans secured by a properly margined portfolio of high quality traded stocks, lower grade municipal bonds and uninsured certificates of deposit at other financial institutions. Loans to individuals of substantial financial capacity, exhibiting significant liquidity, low leverage and a well-defined source of repayment may warrant this Very Good Quality rating. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 3 (Good Quality) is normally assigned to a loan with a sound primary and secondary source of repayment. This category represents a below average degree of risk as to repayment with no loss potential indicated. Borrowers in this category represent a reasonable credit risk with demonstrated ability to repay the debt from normal business operations. Borrowers should have a sound balance sheet, modest leverage, good liquidity and above average debt service coverage. There should be no significant departure from the intended source and timing of repayment and no undue reliance on secondary sources of repayment. To the extent that some variance exists in one or more criteria being measured, it may be offset by the relative strength of other factors and/or collateral pledged to secure the transaction. Loans to individuals of strong financial capacity, exhibiting good liquidity, reasonable leverage and defined primary and secondary sources of repayment may warrant this Good Quality rating. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 4 (Average Quality)—This category represents an average degree of risk as to repayment with minimal to no loss potential indicated. Borrowers in this category exhibit generally stable operating trends. Borrowers should have a satisfactory balance sheet, manageable leverage, moderate liquidity and average debt service coverage. There should be no adverse departure from the intended source and timing of repayment and secondary sources of repayment should be readily available. Loans to individuals with adequate to strong net worth and some liquidity may warrant an Average Quality rating. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 5 (Pass/Watch)—Borrowers in this category generally exhibit characteristics of an Average Quality credit, but may be experiencing income volatility, negative operating trends and a more highly leveraged balance sheet, thus warranting more than the normal level of supervision. Loans to borrowers with industry volatility, declining market share, marginal or new management, weak internal reporting systems, inadequate financial reporting to the Bank and loans to start-up businesses or businesses with untested management generally warrant a "Watch" designation; provided, however, that events or circumstances prompting this rating do not constitute an undue or unwarranted credit risk. Credits that require additional monitoring such as construction loans, asset based loans and loans granted under certain government lending programs (i.e. U. S. Small Business Administration—"SBA") may be carried in this category where the risk or monitoring needs may be higher than the norm. Additionally, credits may be placed in this category because of an adverse event that has not weakened the credit, but which should be followed to assure that resolution occurs without material impact on the borrower. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 6 (Special Mention)—Loans in this category generally represent currently protected, but potentially weak assets that deserve management's close attention. If left uncorrected, the potential weaknesses may, at some future date, result in deterioration of the repayment prospects for the loan or in the Bank's credit position. These loans constitute an unwarranted credit risk, but do not expose the Bank to sufficient risk to warrant adverse classification. Loans in this category may include credits that the Bank may be unable to supervise properly because of a lack of expertise, inadequate loan agreement, outdated and /or incomplete financial reporting, the condition of and control over collateral, failure to obtain proper documentation, or any other deviations from prudent lending practices. Economic or market conditions that may, in the future, affect the borrower, an adverse trend in the borrower's operations or an imbalanced position in the balance sheet that has not reached a point where liquidation is jeopardized may warrant this Special Mention designation. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 7 (Substandard)—Loans in this category represent assets inadequately protected by the current sound worth and paying capacity of the borrower or of the collateral pledged. These assets have a well-defined weakness, or weaknesses, that jeopardize liquidation of the debt and are characterized by the distinct possibility that the Bank will sustain some loss if deficiencies are not corrected. Loss potential, while existing in the aggregate amount of Substandard credits, does not have to exist in individual extensions of credit classified Substandard. Loans in this category are subject to impairment analysis, may require a specific reserve allocation and may be placed on non-accrual status. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 8 (Doubtful)—Loans in this category have all the weaknesses inherent in a Substandard credit with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly improbable. The key issue that makes a loan Doubtful is the potential for loss. The possibility for some degree of loss is extremely high, but because of certain important and reasonably specific pending factors that may be advantageous and strengthen the credit, a classification as an estimated loss is deferred until a more exact status can be determined. Such pending factors could include a proposed merger, acquisition or liquidation procedures, additional capital injection, perfection of liens on additional collateral and refinancing plans. Doubtful assets are subject to impairment analysis, a specific reserve allocation and must be placed on non-accrual status. | ||||||||||||||||||||
• | ||||||||||||||||||||
Risk rating 9 (Loss) is assigned to charged-off loans. We consider assets classified as loss as uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has no recovery value, but that it is not practical to defer writing off the worthless assets, even though partial recoveries may occur in the future. Loans are charged off within the period in which they are determined to be uncollectible. | ||||||||||||||||||||
        We charge off loans that management has identified as losses. We consider suggestions from our external loan review firm and bank examiners when determining which loans to charge off. We automatically charge off consumer loan accounts based on regulatory requirements. | ||||||||||||||||||||
        If a loan that was previously rated a pass performing loan, from our acquisitions, deteriorates subsequent to the acquisition, the subject loan will be assessed for risk and, if necessary, evaluated for impairment. If the risk assessment rating is adversely changed and the loan is determined to not be impaired, the loan will be placed in a migration category and the credit mark established for the loan will be compared to the general reserve allocation that would be applied using the current allowance for loan losses formula for General Reserves. If the credit mark exceeds the allowance for loan losses formula for General Reserves, there will be no change to the allowance for loan losses. If the credit mark is less than the current allowance for loan losses formula for General Reserves, the allowance for loan losses will be increased by the amount of the shortfall by a provision recorded in the income statement. If the loan is deemed impaired, the loan will be subject to evaluation for loss exposure and a specific reserve. If the estimate of loss exposure exceeds the credit mark, the allowance for loan losses will be increased by the amount of the excess loss exposure through a provision. If the credit mark exceeds the estimate of loss exposure there will be no change to the allowance for loan losses. If a loan from the acquired loan portfolio is carrying a specific credit mark and a current evaluation determines that there has been an increase in loss exposure, the allowance for loan losses will be increased by the amount of the current loss exposure in excess of the credit mark. | ||||||||||||||||||||
        The following tables outline the allocation of the loan portfolio by risk rating at December 31, 2013 and 2012. | ||||||||||||||||||||
Account Balance | ||||||||||||||||||||
December 31, 2013 | Legacy | Acquired | Total | |||||||||||||||||
Risk Rating | ||||||||||||||||||||
Pass(1 - 5) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | $ | 159,945,564 | $ | 27,089,317 | $ | 187,034,881 | ||||||||||||||
Investment | 159,392,609 | 51,664,220 | 211,056,829 | |||||||||||||||||
Hospitality | 62,818,042 | 8,546,240 | 71,364,282 | |||||||||||||||||
Land and A&D | 37,383,344 | 8,148,372 | 45,531,716 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 44,064,312 | 27,103,460 | 71,167,772 | |||||||||||||||||
First-Owner Occupied | 12,896,971 | 60,399,843 | 73,296,814 | |||||||||||||||||
Land and A&D | 17,778,528 | 12,678,761 | 30,457,289 | |||||||||||||||||
HELOC and Jr. Liens | 18,302,559 | 3,359,063 | 21,661,622 | |||||||||||||||||
Commercial | 85,415,692 | 9,529,078 | 94,944,770 | |||||||||||||||||
Consumer | 10,113,098 | 870,843 | 10,983,941 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
608,110,719 | 209,389,197 | 817,499,916 | ||||||||||||||||||
Special Mention(6) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,310,107 | 2,128,647 | 3,438,754 | |||||||||||||||||
Investment | 1,432,243 | 835,918 | 2,268,161 | |||||||||||||||||
Hospitality | — | — | — | |||||||||||||||||
Land and A&D | 3,212,463 | 250,806 | 3,463,269 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 1,106,938 | 733,107 | 1,840,045 | |||||||||||||||||
First-Owner Occupied | 87,154 | 762,920 | 850,074 | |||||||||||||||||
Land and A&D | 2,066,763 | — | 2,066,763 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 1,841,859 | 646,700 | 2,488,559 | |||||||||||||||||
Consumer | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
11,057,527 | 5,358,098 | 16,415,625 | ||||||||||||||||||
Substandard(7) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,849,685 | 884,767 | 2,734,452 | |||||||||||||||||
Investment | 1,363,821 | 1,591,538 | 2,955,359 | |||||||||||||||||
Hospitality | 4,473,345 | — | 4,473,345 | |||||||||||||||||
Land and A&D | — | — | — | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 123,183 | 527,528 | 650,711 | |||||||||||||||||
First-Owner Occupied | 925,812 | 1,084,740 | 2,010,552 | |||||||||||||||||
Land and A&D | — | 1,046,181 | 1,046,181 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 2,371,493 | 985,568 | 3,357,061 | |||||||||||||||||
Consumer | 14,427 | — | 14,427 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
11,121,766 | 6,120,322 | 17,242,088 | ||||||||||||||||||
Doubtful(8) | — | — | — | |||||||||||||||||
Loss(9) | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 630,290,012 | $ | 220,867,617 | $ | 851,157,629 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Account Balance | ||||||||||||||||||||
December 31, 2012 | Legacy | Acquired | Total | |||||||||||||||||
Risk Rating | ||||||||||||||||||||
Pass(1 - 5) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | $ | 142,283,571 | $ | 33,972,805 | $ | 176,256,376 | ||||||||||||||
Investment | 83,869,949 | 25,196,743 | 109,066,692 | |||||||||||||||||
Hospitality | 56,746,375 | — | 56,746,375 | |||||||||||||||||
Land and A&D | 18,971,474 | 2,628,394 | 21,599,868 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 26,770,315 | 14,938,525 | 41,708,840 | |||||||||||||||||
First-Owner Occupied | 5,842,098 | 26,199,807 | 32,041,905 | |||||||||||||||||
Land and A&D | 18,976,502 | 6,526,483 | 25,502,985 | |||||||||||||||||
HELOC and Jr. Liens | 16,405,433 | 3,263,189 | 19,668,622 | |||||||||||||||||
Commercial | 65,763,830 | 7,438,290 | 73,202,120 | |||||||||||||||||
Consumer | 9,937,570 | 1,059,219 | 10,996,789 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
445,567,117 | 121,223,455 | 566,790,572 | ||||||||||||||||||
Special Mention(6) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,375,435 | — | 1,375,435 | |||||||||||||||||
Investment | 1,446,504 | 702,688 | 2,149,192 | |||||||||||||||||
Hospitality | 4,532,278 | — | 4,532,278 | |||||||||||||||||
Land and A&D | 3,311,001 | — | 3,311,001 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 963,280 | 1,630,954 | 2,594,234 | |||||||||||||||||
First-Owner Occupied | — | 667,693 | 667,693 | |||||||||||||||||
Land and A&D | 1,215,458 | 683,987 | 1,899,445 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 1,338,360 | 7,271 | 1,345,631 | |||||||||||||||||
Consumer | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
14,182,316 | 3,692,593 | 17,874,909 | ||||||||||||||||||
Substandard(7) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | — | 1,946,190 | 1,946,190 | |||||||||||||||||
Investment | 1,408,925 | — | 1,408,925 | |||||||||||||||||
Hospitality | — | — | — | |||||||||||||||||
Land and A&D | 351,276 | 700,000 | 1,051,276 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 138,708 | 1,183,473 | 1,322,181 | |||||||||||||||||
First-Owner Occupied | 952,287 | 2,388,823 | 3,341,110 | |||||||||||||||||
Land and A&D | — | 591,624 | 591,624 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 2,644,281 | 1,045,224 | 3,689,505 | |||||||||||||||||
Consumer | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
5,495,477 | 7,855,334 | 13,350,811 | ||||||||||||||||||
Doubtful(8) | — | — | — | |||||||||||||||||
Loss(9) | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 465,244,910 | $ | 132,771,382 | $ | 598,016,292 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
        The following tables detail activity in the allowance for loan losses by portfolio segment for the years ended December 31, 2013 and 2012. Allocation of a portion of the allowance to one category of loans does not preclude its availability to absorb losses in other categories. During 2013, the loan segments were changed to align with our new allowance methodology which resulted in balance transfers from prior loan categories and assigned to each new loan segment. | ||||||||||||||||||||
December 31, 2013 | Commercial | Commercial | Residential | Consumer | Total | |||||||||||||||
Real Estate | Real Estate | |||||||||||||||||||
Beginning balance | 3,965,347 | |||||||||||||||||||
General provision for loan losses | 1,289,153 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Provision balance transferred | $ | 597,739 | $ | 3,359,989 | $ | 1,260,579 | $ | 36,193 | $ | 5,254,500 | ||||||||||
Provision for loan losses for loans acquired with deteriorated credit quality | — | 279,037 | (64,000 | ) | — | 215,037 | ||||||||||||||
Recoveries | 141 | 32,964 | 169,469 | 77,066 | 279,640 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
597,880 | 3,671,990 | 1,366,048 | 113,259 | 5,749,177 | ||||||||||||||||
Loans charged off | (102,829 | ) | (102,595 | ) | (524,814 | ) | (89,726 | ) | (819,964 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance | $ | 495,051 | $ | 3,569,395 | $ | 841,234 | $ | 23,533 | $ | 4,929,213 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Amount allocated to: | ||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||
Individually evaluated for impairment | $ | 191,753 | $ | 1,523,640 | $ | 167,450 | $ | 7,390 | $ | 1,890,233 | ||||||||||
Other loans not individually evaluated | 303,298 | 1,766,718 | 421,160 | 16,143 | 2,507,319 | |||||||||||||||
Acquired Loans: | ||||||||||||||||||||
Individually evaluated for impairment | — | 279,037 | 252,624 | — | 531,661 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 495,051 | $ | 3,569,395 | $ | 841,234 | $ | 23,533 | $ | 4,929,213 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
December 31, 2012 | Real Estate | Commercial | Boats | Other | Total | |||||||||||||||
Consumer | ||||||||||||||||||||
Beginning balance | $ | 2,123,068 | $ | 922,310 | $ | 565,240 | $ | 130,653 | $ | 3,741,271 | ||||||||||
Provision for loan losses for loans | 1,056,287 | (181,118 | ) | (224,359 | ) | 40,007 | 690,817 | |||||||||||||
Provision for loan losses for loans acquired with deteriorated credit quality | 584,928 | 249,255 | — | — | 834,183 | |||||||||||||||
Recoveries | 32,636 | 82,260 | — | 107,260 | 222,156 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
3,796,919 | 1,072,707 | 340,881 | 277,920 | 5,488,427 | ||||||||||||||||
Loans charged off | (970,335 | ) | (316,753 | ) | (91,953 | ) | (144,039 | ) | (1,523,080 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance | $ | 2,826,584 | $ | 755,954 | $ | 248,928 | $ | 133,881 | $ | 3,965,347 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Amount allocated to: | ||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||
Individually evaluated for impairment | $ | 125,000 | $ | — | $ | — | $ | — | $ | 125,000 | ||||||||||
Other loans not individually evaluated | 2,384,960 | 755,954 | 248,928 | 133,881 | 3,523,723 | |||||||||||||||
Acquired Loans: | ||||||||||||||||||||
Individually evaluated for impairment | 316,624 | — | — | — | 316,624 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 2,826,584 | $ | 755,954 | $ | 248,928 | $ | 133,881 | $ | 3,965,347 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Our recorded investment in loans as of December 31, 2013 and 2012 related to each balance in the allowance for probable loan losses by portfolio segment and disaggregated on the basis of our impairment methodology was as follows: | ||||||||||||||||||||
December 31, 2013 | Commercial | Commercial | Residential | Consumer | Total | |||||||||||||||
Real Estate | Real Estate | |||||||||||||||||||
Legacy loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve | $ | 459,439 | $ | 6,111,682 | $ | 925,814 | $ | 7,390 | $ | 7,504,325 | ||||||||||
Individually evaluated for impairment without specific reserve | 2,136,376 | 1,849,685 | 123,183 | — | 4,109,244 | |||||||||||||||
Other loans not individually evaluated | 87,033,228 | 425,219,853 | 96,303,227 | 10,120,135 | 618,676,443 | |||||||||||||||
Acquired loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) | — | 376,050 | 543,274 | — | 919,324 | |||||||||||||||
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) | 87,387 | 579,583 | — | — | 666,970 | |||||||||||||||
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition) | — | — | 241,624 | — | 241,624 | |||||||||||||||
Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) | 11,073,960 | 100,184,191 | 106,910,705 | 870,843 | 219,039,699 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 100,790,390 | $ | 534,321,044 | $ | 205,047,827 | $ | 10,998,368 | $ | 851,157,629 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
December 31, 2012 | Commercial | Commercial | Residential | Consumer | Total | |||||||||||||||
Real Estate | Real Estate | |||||||||||||||||||
Legacy loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve | $ | — | $ | 351,276 | $ | 498,186 | $ | — | $ | 849,462 | ||||||||||
Individually evaluated for impairment without specific reserve | 2,644,280 | 1,408,925 | 591,873 | — | 4,645,078 | |||||||||||||||
Other loans not individually evaluated | 67,102,192 | 312,529,691 | 70,174,021 | 9,944,466 | 459,750,370 | |||||||||||||||
Acquired loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) | — | — | 1,603,144 | — | 1,603,144 | |||||||||||||||
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition) | — | — | — | — | — | |||||||||||||||
Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) | 8,490,785 | 65,103,548 | 56,513,914 | 1,059,991 | 131,168,238 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 78,237,257 | $ | 379,393,440 | $ | 129,381,138 | $ | 11,004,457 | $ | 598,016,292 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        The following table outlines the maturity and rate re-pricing distribution of the loan portfolio. For purposes of this disclosure, we have classified non-accrual loans as immediately re-pricing or maturing. | ||||||||||||||||||||
December 31, | 2013 | 2012 | ||||||||||||||||||
Within one year | $ | 251,460,974 | $ | 194,007,785 | ||||||||||||||||
Over one to five years | 342,132,684 | 318,094,237 | ||||||||||||||||||
Over five years | 257,563,971 | 85,914,270 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 851,157,629 | $ | 598,016,292 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
        As of December 31, 2013, the Bank has pledged loans totaling $268,630,545 to support Federal Home Loan Bank borrowings. | ||||||||||||||||||||
        The Bank makes loans to customers located in the Maryland suburbs of Washington D.C. Residential and commercial real estate secure substantial portions of the Bank's loans. Although the loan portfolio is diversified, the regional real estate market and economy will influence its performance. | ||||||||||||||||||||
Equity_Securities
Equity Securities | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Equity Securities | ' | |||||||
Equity Securities | ' | |||||||
7. Equity Securities | ||||||||
        We own the following equity securities: | ||||||||
December 31, | 2013 | 2012 | ||||||
Federal Reserve Bank stock | $ | 2,919,700 | $ | 1,553,250 | ||||
Atlantic Central Bankers Bank stock | 189,500 | 119,500 | ||||||
Federal Home Loan Bank stock | 1,994,200 | 1,520,400 | ||||||
SLMA stock | 413,910 | 269,798 | ||||||
Maryland Financial Bank stock | 152,497 | 152,496 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 5,669,807 | $ | 3,615,444 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        With the exception of the SLMA stock, which we carry at fair value based on current quoted market prices, we carry these securities at cost and have evaluated them for other than temporary impairment. In 2013 and 2012, we did not record any such impairment. | ||||||||
Pointer_Ridge_Office_Investmen
Pointer Ridge Office Investment, LLC | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Pointer Ridge Office Investment, LLC | ' | ||||||||||
Pointer Ridge Office Investment, LLC | ' | ||||||||||
8. Pointer Ridge Office Investment, LLC | |||||||||||
        We own 62.5% of Pointer Ridge and consolidate its results of operations with ours. The following table summarizes the condensed Balance Sheets and Statements of Income information for Pointer Ridge. | |||||||||||
        Pointer Ridge Office Investment, LLC | |||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Condensed Balance Sheets | |||||||||||
Current assets | $ | 286,206 | $ | 313,165 | |||||||
Non-current assets | 6,622,560 | 6,938,990 | |||||||||
Liabilities | 6,108,972 | 6,208,029 | |||||||||
Equity | 799,794 | 1,044,126 | |||||||||
Condensed Statements of Income | |||||||||||
Revenue | $ | 909,312 | $ | 842,230 | $ | 765,044 | |||||
Expenses | 1,153,644 | 1,015,897 | 1,160,562 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net loss | $ | (244,332 | ) | $ | (173,667 | ) | $ | (395,518 | ) | ||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Premises_and_Equipment
Premises and Equipment | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Premises and Equipment | ' | |||||||
Premises and Equipment | ' | |||||||
9. Premises and Equipment | ||||||||
        A summary of our premises and equipment and the related depreciation expense follows: | ||||||||
December 31, | 2013 | 2012 | ||||||
Land | $ | 5,499,237 | $ | 4,460,943 | ||||
Building | 26,910,046 | 16,158,842 | ||||||
Leasehold improvements | 4,638,258 | 5,494,997 | ||||||
Furniture and equipment | 5,497,971 | 4,616,397 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
42,545,512 | 30,731,179 | |||||||
Accumulated depreciation | 7,329,644 | 5,598,166 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net premises and equipment | $ | 35,215,868 | $ | 25,133,013 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Depreciation expense | $ | 1,775,547 | $ | 1,374,866 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Deposits
Deposits | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Deposits | ' | ||||||||||
Deposits | ' | ||||||||||
10. Deposits | |||||||||||
        Major classifications of interest bearing deposits are as follows: | |||||||||||
December 31, | 2013 | 2012 | |||||||||
Money market and NOW | $ | 294,049,868 | $ | 171,477,751 | |||||||
Savings | 85,142,831 | 64,312,830 | |||||||||
Other time deposits-$100,000 and over | 189,825,021 | 189,590,952 | |||||||||
Other time deposits | 176,608,142 | 121,181,022 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 745,625,862 | $ | 546,562,555 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Time deposits mature as follows: | |||||||||||
December 31, | 2013 | 2012 | |||||||||
Within three months | $ | 66,727,567 | $ | 76,827,590 | |||||||
Over three to twelve months | 148,921,752 | 150,721,575 | |||||||||
Over one to three years | 118,135,060 | 66,549,304 | |||||||||
Over three to five years | 32,648,784 | 16,673,505 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 366,433,163 | $ | 310,771,974 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Interest on deposits for the years ended December 31, 2013, 2012 and 2011, consisted of the following: | |||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Money market and NOW | $ | 614,402 | $ | 549,234 | $ | 615,337 | |||||
Savings | 137,293 | 193,036 | 154,573 | ||||||||
Other time deposits—$100,000 and over | 1,311,454 | 1,758,131 | 1,898,868 | ||||||||
Other time deposits | 1,652,895 | 1,734,706 | 1,720,916 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,716,044 | $ | 4,235,107 | $ | 4,389,694 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Short_Term_Borrowings
Short Term Borrowings | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Short Term Borrowings | ' | |||||||||||||||||||
Short Term Borrowings | ' | |||||||||||||||||||
11. Short Term Borrowings | ||||||||||||||||||||
        Bancshares has available an unsecured $5.0 million line of credit. The Bank has available lines of credit including overnight federal funds and reverse repurchase agreements from its correspondent banks totaling $24.5 million as of December 31, 2013. The Bank has an additional secured line of credit from the Federal Home Loan Bank of Atlanta (FHLB) of $351.9 million. Prior to allowing the Bank to borrow under the line of credit, the FHLB requires that the Bank provide collateral to support borrowings. This collateral consists primarily of our commercial real estate loans, residential real estate loans and our multi-family loans. At December 31, 2013, we had provided $268.6 million in collateral value and as outlined below have borrowed $12.0 million. We have additional available borrowing capacity of $339.9 million. We may increase this availability by pledging additional collateral. As a condition of obtaining the line of credit from the FHLB, the FHLB also requires that the Bank purchase shares of capital stock in the FHLB. | ||||||||||||||||||||
        Short term borrowings consist of promissory notes or overnight repurchase agreements sold to the Bank's customers, federal funds purchased and advances from the FHLB. | ||||||||||||||||||||
        The Bank sells short term promissory notes to its customers. These notes re-price daily and have maturities of 270 days or less. Federal funds purchased are unsecured, overnight borrowings from other financial institutions. Short term borrowings from the FHLB have a remaining maturity of less than one year. | ||||||||||||||||||||
        Information related to short term borrowings is as follows: | ||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
December 31, | Amount | Rate | Maximum Amount | Amount | Rate | Maximum Amount | ||||||||||||||
Borrowed During | Borrowed During | |||||||||||||||||||
Any Month End | Any Month End | |||||||||||||||||||
Period | Period | |||||||||||||||||||
Short term promissory notes | $ | 7,773,704 | 0.15 | % | $ | 7,773,704 | $ | 6,332,804 | 0.15 | % | $ | 9,652,162 | ||||||||
Repurchase agreements | 29,756,421 | 0.1 | 31,784,710 | 24,572,663 | 0.1 | 28,167,472 | ||||||||||||||
Over night advance | 12,000,000 | 0.35 | 21,750,000 | 7,000,000 | 0.35 | 7,000,000 | ||||||||||||||
FHLB advance due Dec. 2012 | — | — | — | — | — | 5,000,000 | ||||||||||||||
FHLB advance due Dec. 2012 | — | — | — | — | — | 5,000,000 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total short term borrowings | $ | 49,530,125 | $ | 61,308,414 | $ | 37,905,467 | $ | 54,819,634 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Average for the year | ||||||||||||||||||||
Short term promissory notes | $ | 6,435,181 | 0.15 | % | $ | 7,877,649 | 0.17 | |||||||||||||
Repurchase agreements | 25,940,598 | 0.1 | 23,704,406 | 0.44 | ||||||||||||||||
FHLB overnight advance | 5,531,381 | 0.37 | 19,126 | 0.39 | ||||||||||||||||
FHLB advances | — | — | 9,663,924 | 3.12 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 37,907,160 | $ | 41,265,105 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        At December 31, 2013, the book and market values of securities pledged as collateral for repurchase agreements were $29,932,092 and $29,614,628, respectively. | ||||||||||||||||||||
Long_Term_Borrowings
Long Term Borrowings | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Long Term Borrowings | ' | |||||||||||||
Long Term Borrowings | ' | |||||||||||||
12. Long Term Borrowings | ||||||||||||||
        The senior note is an obligation of Pointer Ridge. It has a 10 year fixed interest rate of 6.28% and matures on September 5, 2016. | ||||||||||||||
2013 | 2012 | |||||||||||||
December 31, | Amount | Rate | Amount | Rate | ||||||||||
Amount outstanding at year end | ||||||||||||||
Senior note | $ | 6,093,074 | 6.28 | % | $ | 6,192,350 | 6.28 | % | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 6,093,074 | $ | 6,192,350 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Average for the year | ||||||||||||||
Senior note, fixed at 6.28% | $ | 6,139,058 | 6.28 | % | $ | 6,235,309 | 6.28 | % | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 6,139,058 | $ | 6,235,309 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Principal payments on long term debt obligations are due as follows: | ||||||||||||||
Year | Amount | |||||||||||||
2014 | $ | 105,843 | ||||||||||||
2015 | 112,782 | |||||||||||||
2016 | 5,874,449 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 6,093,074 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Related Party Transactions | ' | |||||||
Related Party Transactions | ' | |||||||
13. Related Party Transactions | ||||||||
        The Bank has entered into various transactions with firms in which owners are also members of the Board of Directors. Fees charged for these services are at similar rates charged by unrelated parties for similar work. Amounts paid to these related parties totaled $266,059, $261,234 and $188,250, during the years ended December 31, 2013, 2012 and 2011, respectively. | ||||||||
        Effective November 1, 2008, we purchased Chesapeake Custom Homes, L.L.C.'s 12.5% membership interest in Pointer Ridge for the book value of $205,000. This purchase increased Bancshares' membership interest from 50.0% to 62.5%. Frank Lucente, a director of Bancshares and the Bank, is the President and 52.0% stockholder of Lucente Enterprises, Inc. Lucente Enterprises, Inc. is the manager and majority member of Chesapeake Custom Homes, L.L.C. Lucente Enterprises has retained its 12.5% membership interest in Pointer Ridge. In 2013, 2012 and 2011, the Bank paid Pointer Ridge $738,576, $704,128 and $558,558 in lease payments, respectively. | ||||||||
        The directors, executive officers and their affiliated companies maintained deposits with the Bank of $13,217,801 and $9,876,152 at December 31, 2013 and, 2012, respectively. | ||||||||
        The schedule below summarizes changes in amounts of loans outstanding to directors and executive officers or their affiliated companies: | ||||||||
December 31, | 2013 | 2012 | ||||||
Balance at beginning of year | $ | 1,236,329 | $ | 1,833,294 | ||||
Additions | 4,325,954 | 672,561 | ||||||
Repayments | (817,918 | ) | (1,269,526 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at end of year | $ | 4,744,365 | $ | 1,236,329 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        In addition to the outstanding balances, the directors and executive officers or affiliated companies have $707,327 in unused commitments as of December 31, 2013. In the opinion of management, these transactions were made on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with unrelated parties. | ||||||||
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Income Taxes | ' | ||||||||||
Income Taxes | ' | ||||||||||
14. Income Taxes | |||||||||||
        The components of income tax expense are as follows: | |||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Current | |||||||||||
Federal | $ | 2,147,375 | $ | 1,815,517 | $ | 1,797,275 | |||||
State | 713,723 | 603,376 | 641,007 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
2,861,098 | 2,418,893 | 2,438,282 | |||||||||
Deferred | |||||||||||
Federal | 740,985 | 301,553 | (511,658 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,602,083 | $ | 2,720,446 | $ | 1,926,624 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The components of deferred income taxes are as follows: | |||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Provision for loan losses | $ | (555,836 | ) | $ | (175,245 | ) | $ | (531,583 | ) | ||
Non-accrual interest | (122,216 | ) | (112,470 | ) | (194,030 | ) | |||||
Impairment losses and expenses on other real estate owned | 1,035,745 | 22,592 | 190,619 | ||||||||
Director stock options | 37,074 | (13,605 | ) | (15,247 | ) | ||||||
Deferred compensation plans | (116,672 | ) | (100,634 | ) | 4,450 | ||||||
Deferred loan origination costs, net | 126,019 | 138,741 | 97,363 | ||||||||
Depreciation | (4,948 | ) | 101,583 | 421,006 | |||||||
Mark-to-market tax accounting for acquired securities | 186,939 | (60,282 | ) | (818,015 | ) | ||||||
Net operating loss carryover | 682,887 | 307,597 | 255,117 | ||||||||
Accretion of fair value adjustments for acquired assets and liabilities | — | 1,383,679 | 869,554 | ||||||||
Investment impairment loss | — | — | (48,320 | ) | |||||||
Non-compete and consulting agreements | (36,815 | ) | (36,815 | ) | 54,237 | ||||||
Core deposit intangible amortization | (330,822 | ) | (286,932 | ) | (230,368 | ) | |||||
Defined benefit plan | (85,784 | ) | (320,717 | ) | (65,041 | ) | |||||
Other | (74,586 | ) | — | (1,400 | ) | ||||||
Reduction of valuation allowance | — | (545,939 | ) | (500,000 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 740,985 | $ | 301,553 | $ | (511,658 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        The provision for income taxes includes taxes payable for the current year and deferred income taxes. We determine deferred tax assets and liabilities based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which we expect the differences to reverse. We allocate tax expense and tax benefits to the Bank and Bancshares based on their proportional share of taxable income. | |||||||||||
        The components of net deferred tax assets and liabilities are as follows: | |||||||||||
December 31, | 2013 | 2012 | |||||||||
Deferred tax assets | |||||||||||
Allowance for loan losses | $ | 1,710,004 | $ | 1,154,307 | |||||||
Non-accrual interest | 1,762,289 | 776,633 | |||||||||
Impairment losses and expenses on other real estate owned | 3,669,035 | 2,131,510 | |||||||||
Director stock options | 38,813 | 59,415 | |||||||||
Deferred compensation plans | 1,849,599 | 1,732,927 | |||||||||
Net operating loss carryover | 4,922,954 | 1,098,769 | |||||||||
Fair value adjustments for acquired assets and liabilities | 10,167,762 | 4,456,480 | |||||||||
Investment impairment loss | 48,320 | 48,320 | |||||||||
Non-compete agreements | 101,242 | 64,427 | |||||||||
Deferred loan origination costs, net | 23,061 | — | |||||||||
Other | 225,205 | — | |||||||||
Net unrealized loss on securities available for sale | 2,477,598 | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 26,995,882 | $ | 11,522,788 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Deferred tax liabilities | |||||||||||
Deferred loan origination costs, net | — | 546,554 | |||||||||
Depreciation | 3,042,151 | 1,406,527 | |||||||||
Core deposit intangible amortization | 2,085,655 | 1,456,101 | |||||||||
Defined benefit plan | — | 85,784 | |||||||||
Net unrealized gain on securities available for sale | — | 888,277 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
5,127,806 | 4,383,243 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax asset before valuation allowance | 21,868,076 | 7,139,545 | |||||||||
Valuation allowance for deferred tax asset | — | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax asset | $ | 21,868,076 | $ | 7,139,545 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        No valuation allowance was deemed necessary on deferred tax assets at December 31 2013 or 2012. Management believes that the realization of the deferred tax assets is more likely than not based on the expectation that Bancshares will generate the necessary taxable income in future periods. | |||||||||||
        We initially recorded a valuation allowance of $1.2 million for the deferred tax asset with the acquisition of Maryland Bankcorp because of our uncertainty about our ability to utilize its net operating loss (NOL) carryover and built in losses, and because of uncertainty about the status of the tax return filings and related accounting for income taxes at the April 1, 2011 combination date. We applied $154,000 of the allowance to tax liabilities associated with the defined benefit plan. From April 1, 2011 through December 31, 2011, management took several actions to enhance the combined company's profitability. The profitability of the combined company from April 1, 2011 through December 31, 2011 became sufficient evidence to support the use of at least a portion of the NOL. This was not new information about facts and circumstances that existed at the acquisition date. Therefore, we reduced the valuation allowance by $500,000 and credited income tax expense during the fourth quarter of 2011. | |||||||||||
        During the fourth quarter of 2012, we reversed the remaining $545,939 valuation allowance for deferred tax asset that we recorded at the acquisition of Maryland Bankcorp due to uncertainties about the status of the tax return filings and related accounting for income taxes at the April 1, 2011 combination. During the fourth quarter of 2012, we received acknowledgement from the Internal Revenue Service of the final amended tax returns filed for Maryland Bankcorp during the third quarter of 2012. The completion of the tax returns and our profitability in 2012 provided sufficient evidence to support the use of the remaining net operating loss. | |||||||||||
        Maryland Bankcorp had NOL carryovers of $3.54 million at the time of our business combination. We succeed to these carryovers and may take limited annual deductions allowed by the Internal Revenue Code. We were able to deduct $779,812 for 2012 and $571,713 for 2011 and may deduct up to $779,812 per year thereafter until we have fully used the NOL. The amount we may deduct in any year will be reduced if we recognize a built in loss in such year or if our taxable income is lower than the statutory NOL deduction. If the NOL is not used by the limited annual deductions, the remaining $2.0 million will expire in 2030. | |||||||||||
        WSB Holdings, Inc. had NOL carryovers of $12.1 million at the time of our business combination in May 2013. We succeed to these carryovers and may take limited annual deductions allowed by the Internal Revenue Code. We are able to deduct $951,426 for 2013 leaving a balance of $11.2 million. The NOL will expire in 2033 if not used by the limited annual deductions. | |||||||||||
        We classify interest and penalties related to income tax assessments, if any, in income tax expense in the consolidated statements of operations. Bancshares and its subsidiaries file a consolidated U.S. federal tax return and both Bancshares and the Bank file a Maryland state income tax return. These returns are subject to examination by taxing authorities for all years after 2009. We had no material uncertain tax positions at December 31, 2013 or 2012 and there was no unrecognized tax benefit as of December 31, 2013 or 2012. | |||||||||||
        The following table reconciles the differences between the federal income tax rate of 34 percent and our effective tax rate: | |||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Statutory federal income tax rate | 34 | % | 34 | % | 34 | % | |||||
Increase (decrease) resulting from State income taxes, net of federal income tax benefit | 4.9 | 4.9 | 5.1 | ||||||||
Bank owned life insurance | (2.1 | ) | (1.4 | ) | (2.9 | ) | |||||
Other tax exempt income | (8.1 | ) | (7.3 | ) | (4.4 | ) | |||||
Stock based compensation awards | 0.4 | 0.4 | 0.4 | ||||||||
Other non-deductible expenses | 2.7 | 1.3 | 1 | ||||||||
Reduction of valuation allowance for deferred tax asset | — | (5.4 | ) | (7.0 | ) | ||||||
Net income attributable to the non-controlling interest | — | 0.2 | 0.7 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effective tax rate | 31.8 | % | 26.7 | % | 26.9 | % | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Employee_Benefits
Employee Benefits | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Employee Benefits | ' | |||||||||||||||||||
Employee Benefits | ' | |||||||||||||||||||
15. Employee Benefits | ||||||||||||||||||||
        Eligible employees participate in a profit sharing plan that qualifies under Section 401(k) of the Internal Revenue Code. The plan allows for elective employee deferrals and the Bank makes matching contributions of up to 4% of eligible employee compensation. Our contributions to the plan, included in employee benefit expenses, were $439,647, $297,213 and $302,615 for 2013, 2012, and 2011, respectively. | ||||||||||||||||||||
        The Bank also offers Supplemental Executive Retirement Plans (SERPs) to its executive officers providing for retirement income benefits. We accrue the present value of the SERPs over the remaining number of years to the executives' expected retirement dates. The combined accrued liability for these plans at December 31, 2013 and 2012 was $4.9 million and $4.6 million, respectively. The Bank's expenses for the SERPs were $608,890, $497,709 and $(11,282) in 2013, 2012, and 2011, respectively. | ||||||||||||||||||||
        MB&T had an employee benefit plan entitled the Maryland Bankcorp, N.A. KSOP (KSOP). The KSOP included a profit sharing plan that qualified under section 401(k) of the Internal Revenue Code and an employee stock ownership plan. We have discontinued any future contributions to the employee stock ownership plan. At December 31, 2013, the employee stock ownership plan owned 98,934 shares of Bancshares' stock, had $19,000 invested in Old Line Bank Certificates of Deposit, and $21,044 in an Old Line Bank money market account. We have transferred the MB&T KSOP assets into the Old Line 401(k) plan discussed above. | ||||||||||||||||||||
        MB&T had an employee pension plan (MB&T Pension Plan) that was frozen on June 9, 2003 and no additional benefits accrued subsequent to that date. We notified all plan participants that we terminated this plan effective August 1, 2011. We liquidated the securities the plan held, and deposited the proceeds into interest bearing certificates of deposit and a money market account. On October 1, 2012, we purchased an annuity contract to transfer the remaining $2,116,489 pension liability, effective November 1, 2012 and expensed $700,884 in pension expense to recognize the final cost associated with termination of the pension plan. We transferred the remaining pension plan assets to the employee 401(k) plan after we recorded all remaining expenses associated with audits, actuarial and consulting fees to the plan. There was no activity for the year ended December 31, 2013 related to this plan. | ||||||||||||||||||||
        Net period pension cost (income) for the Pension Plan is as follows: | ||||||||||||||||||||
Years Ended December 31, | 2012 | 2011 | ||||||||||||||||||
Interest cost | $ | 811,879 | $ | 164,889 | ||||||||||||||||
Settlement cost | 22,339 | 27,023 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Net periodic pension cost | $ | 834,218 | $ | 191,912 | ||||||||||||||||
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        The following table outlines the financial status of the Pension Plan since the acquisition date and years end December 31, 2012 and 2011: | ||||||||||||||||||||
Change in Benefit Obligations | Termination | December 31, 2011 | ||||||||||||||||||
of Plan | ||||||||||||||||||||
November 1, 2012 | ||||||||||||||||||||
Projected benefit obligation at beginning of year | $ | 1,877,678 | $ | 3,757,870 | ||||||||||||||||
Interest Cost | 811,879 | 164,889 | ||||||||||||||||||
Actual return | (50,327 | ) | — | |||||||||||||||||
Actuarial (gain) loss | (16,668 | ) | 1,734 | |||||||||||||||||
Purchase of annuity contracts | (2,116,489 | ) | — | |||||||||||||||||
Benefits paid | (506,073 | ) | (2,046,815 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Projected benefit obligation at end of year | — | 1,877,678 | ||||||||||||||||||
Change in Plan Assets | ||||||||||||||||||||
Fair value of plan assets at beginning of year | 2,908,229 | 5,002,673 | ||||||||||||||||||
Actual return on plan assets | (50,327 | ) | (47,629 | ) | ||||||||||||||||
Purchase of annuity contracts | (2,116,489 | ) | — | |||||||||||||||||
Benefits paid | (506,073 | ) | (2,046,815 | ) | ||||||||||||||||
Assets transferred to 401K | (235,340 | ) | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Fair value of plan assets at end of year | — | 2,908,229 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Funded status at end of year | $ | — | $ | 1,030,551 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Amounts recognized in balance sheet | ||||||||||||||||||||
Non-current assets | $ | — | $ | 1,030,551 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | — | $ | 1,030,551 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Amounts recognized in accumulated other comprehensive income | ||||||||||||||||||||
Net (gain) loss | $ | 22,339 | $ | 49,363 | ||||||||||||||||
Settlement effect | (22,339 | ) | (27,024 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Total | $ | — | $ | 22,339 | ||||||||||||||||
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        The weighted average assumptions used to determine net periodic pension costs and the accumulated benefits are as follows: | ||||||||||||||||||||
December 31, 2011 | April 1, 2011 | |||||||||||||||||||
Discount rate | 5.5 | % | 6 | % | ||||||||||||||||
Long term rate of return on assets | — | % | — | % | ||||||||||||||||
Salary increases | — | % | — | % | ||||||||||||||||
Stock Options | ||||||||||||||||||||
        We have two stock option plans under which we may issue options, the 2004 and 2010 Equity Incentive Plans. Our Compensation Committee administers the stock option plans. As the plans outline, the Compensation Committee approves stock option grants to directors and employees, determines the number of shares, the type of option, the option price, the term (not to exceed 10 years from the date of issuance) and the vesting period of options issued. The Compensation Committee has approved and we have granted options vesting immediately as well as over periods of two, three and five years. We recognize the compensation expense associated with these grants over their respective vesting period. In 2013, the stockholders approved an amendment to increase the number of shares issuable under the 2010 Equity Incentive Plan by 450,000 shares. As of December 31, 2013, there were 548,153 shares remaining available for future issuance under the stock option plans. The source of shares exercised is authorized but unissued shares. | ||||||||||||||||||||
        The intrinsic value of the options that directors and officers exercised for the years ended December 31, 2013, 2012, and 2011 was $290,129, $81,693 and $29,259, respectively. | ||||||||||||||||||||
        A summary of the status of the outstanding options follows: | ||||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
Number | Weighted | Number | Weighted | Number | Weighted | |||||||||||||||
of shares | average | of shares | average | of shares | average | |||||||||||||||
exercise | exercise | exercise | ||||||||||||||||||
price | price | price | ||||||||||||||||||
Outstanding, beginning of year | 398,958 | $ | 8.71 | 325,331 | $ | 8.65 | 310,151 | $ | 8.6 | |||||||||||
Options granted | 57,712 | 12.15 | 94,627 | 8.47 | 23,280 | 7.82 | ||||||||||||||
Options exercised | (79,148 | ) | 8.83 | (17,500 | ) | 6.55 | (8,100 | ) | 4.39 | |||||||||||
Options forfeited | (14,539 | ) | 9.7 | (3,500 | ) | 7.49 | ||||||||||||||
Options expired | — | — | — | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding, end of year | 362,983 | $ | 9.19 | 398,958 | $ | 8.71 | 325,331 | $ | 8.65 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding Options | Exercisable Options | |||||||||||||||||||
Exercise price | Number of | Weighted | Weighted | Number of | Weighted | |||||||||||||||
shares at | average | average | shares at | average | ||||||||||||||||
December 31, | remaining term | exercise price | December 31, | exercise price | ||||||||||||||||
2013 | in years | 2013 | ||||||||||||||||||
$6.30 - 7.50 | 66,764 | 5.33 | $ | 6.51 | 66,764 | $ | 6.51 | |||||||||||||
$7.51 - 8.75 | 107,472 | 6.92 | 7.91 | 89,803 | 7.89 | |||||||||||||||
$8.76 - 9.95 | 21,660 | 0.96 | 9.81 | 21,660 | 9.81 | |||||||||||||||
$9.96 - 13.30 | 167,087 | 4.95 | 11 | 116,100 | 10.62 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
362,983 | 5.36 | $ | 9.19 | 294,327 | $ | 8.8 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Intrinsic value of vested exercisable options where the market value exceeds the exercise price | Â $ | 1,678,375 | ||||||||||||||||||
Intrinsic value of outstanding options where the market value exceeds the exercise price | Â $ | 1,928,702 | ||||||||||||||||||
        At December 31, 2013, there was $137,879 of total unrecognized compensation cost related to non-vested stock options that we expect to realize over the next three years. The following table summarizes the fair values of the options granted and weighted-average assumptions used to calculate the fair values. We used the Black-Scholes option pricing model. | ||||||||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | |||||||||||||||||
Expected dividends | 1 | % | 1 | % | 1 | % | ||||||||||||||
Risk free interest rate | 0.8 | % | 1.36 | % | 3 | % | ||||||||||||||
Expected volatility | 32.2 | % | 30.3 | % | 28.4 | % | ||||||||||||||
Weighted average volatility | 28.91 | % | 29.64 | % | 28.45 | % | ||||||||||||||
Expected life in years | 6.5 | 6.5 | 6.5 | |||||||||||||||||
Weighted average fair value of options granted | $ | 2.37 | $ | 2.47 | $ | 3 | ||||||||||||||
        During the year ended December 31, 2013, we granted 8,382 restricted common stock awards. | ||||||||||||||||||||
        The following table outlines the vesting schedule of the unvested restricted stock awards. | ||||||||||||||||||||
Vesting Schedule of Unvested Restricted Stock | ||||||||||||||||||||
Awards December 31, 2013 | ||||||||||||||||||||
Vesting Date | # of Restricted | |||||||||||||||||||
Shares | ||||||||||||||||||||
1/27/14 | 3,726 | |||||||||||||||||||
1/26/15 | 1,969 | |||||||||||||||||||
2/27/14 | 1,247 | |||||||||||||||||||
2/27/15 | 1,247 | |||||||||||||||||||
2/27/16 | 1,247 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Total Issued | 9,436 | |||||||||||||||||||
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        At December 31, 2013, there was $59,160 of total unrecognized compensation cost related to non-vested restricted stock awards that we expect to realize over the next three years. A summary of the restricted stock awards during the year follows: | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||
Number of | Weighted | Number of | Weighted | Number of | Weighted | |||||||||||||||
shares | average | shares | average | shares | average | |||||||||||||||
grant date | grant date | grant date | ||||||||||||||||||
fair value | fair value | fair value | ||||||||||||||||||
Nonvested, beginning of period | 16,210 | $ | 7.7 | 15,691 | $ | 7.41 | 17,641 | $ | 7.13 | |||||||||||
Restricted stock granted | 8,382 | 12.04 | 10,947 | 8 | 8,786 | 7.82 | ||||||||||||||
Restricted stock vested | (13,125 | ) | 8.86 | (9,908 | ) | 7.55 | (10,736 | ) | 7.29 | |||||||||||
Restricted stock forfeited | (2,031 | ) | 9.44 | (520 | ) | 8 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Nonvested, end of period | 9,436 | $ | 9.57 | 16,210 | $ | 7.7 | 15,691 | $ | 7.41 | |||||||||||
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Total fair value of shares vested | $ | 141,263 | $ | 74,813 | $ | 78,243 | ||||||||||||||
Intrinsic value of non-vested restricted stock awards where the market value exceeds the exercise price | $ | 136,822 | $ | 183,011 | $ | 127,097 | ||||||||||||||
Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price | $ | 190,313 | $ | 111,861 | $ | 86,962 |
Capital_Standards
Capital Standards | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Capital Standards | ' | |||||||||||||||||||
Capital Standards | ' | |||||||||||||||||||
16. Capital Standards | ||||||||||||||||||||
        The Federal Deposit Insurance Corporation and the Federal Reserve Board have adopted risk based capital standards for banking organizations. These standards require ratios of capital to assets for minimum capital adequacy and to be classified as well capitalized under prompt corrective action provisions. As of December 31, 2013 and 2012, the capital ratios and the capital requirements to remain adequately and well capitalized are as follows: | ||||||||||||||||||||
Actual | Minimum capital | To be well | ||||||||||||||||||
adequacy | capitalized | |||||||||||||||||||
December 31, 2013 | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
(Dollars in 000's) | ||||||||||||||||||||
Total capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 110,443 | 12.5 | % | $ | 70,713 | 8 | % | $ | 88,392 | 10 | % | ||||||||
Old Line Bank | $ | 104,668 | 11.9 | % | $ | 70,647 | 8 | % | $ | 88,309 | 10 | % | ||||||||
Tier 1 capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 105,681 | 12 | % | $ | 35,357 | 4 | % | $ | 53,035 | 6 | % | ||||||||
Old Line Bank | $ | 100,092 | 11.3 | % | $ | 35,324 | 4 | % | $ | 52,985 | 6 | % | ||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
Consolidated | $ | 105,681 | 9.3 | % | $ | 45,696 | 4 | % | $ | 57,120 | 5 | % | ||||||||
Old Line Bank | $ | 100,092 | 8.7 | % | $ | 45,696 | 4 | % | $ | 57,120 | 5 | % | ||||||||
December 31, 2013 | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
Total capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 72,031 | 11.4 | % | $ | 50,569 | 8 | % | $ | 63,211 | 10 | % | ||||||||
Old Line Bank | $ | 70,871 | 11.2 | % | $ | 50,500 | 8 | % | $ | 63,125 | 10 | % | ||||||||
Tier 1 capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 68,066 | 10.8 | % | $ | 25,284 | 4 | % | $ | 37,926 | 6 | % | ||||||||
Old Line Bank | $ | 66,906 | 10.6 | % | $ | 25,250 | 4 | % | $ | 37,875 | 6 | % | ||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
Consolidated | $ | 68,066 | 7.9 | % | $ | 34,286 | 4 | % | $ | 42,858 | 5 | % | ||||||||
Old Line Bank | $ | 66,906 | 7.8 | % | $ | 34,286 | 4 | % | $ | 42,858 | 5 | % | ||||||||
        Tier 1 capital consists of common and preferred stock, additional paid-in capital and retained earnings. Total capital includes a limited amount of the allowance for loan losses. In calculating risk weighted assets, specified risk percentages are applied to each category of asset and off balance sheet items. | ||||||||||||||||||||
        Failure to meet the capital requirement could affect our ability to pay dividends and accept deposits and may significantly affect our operations. | ||||||||||||||||||||
        In the most recent regulatory report, we were categorized as well capitalized under the prompt corrective action regulations. Management knows of no events or conditions that should change this classification. | ||||||||||||||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Commitments and Contingencies | ' | |||||||
Commitments and Contingencies | ' | |||||||
17. Commitments and Contingencies | ||||||||
        The Bank is party to financial instruments with off balance sheet risk in the normal course of business in order to meet the financing needs of customers. These financial instruments include commitments to extend credit, available credit lines and standby letters of credit. | ||||||||
December 31, | 2013 | 2012 | ||||||
Commitments to extend credit and available credit lines: | ||||||||
Commercial | $ | 62,248,922 | $ | 47,250,860 | ||||
Construction | 67,470,936 | 31,814,653 | ||||||
Residential Real Estate | 1,603,168 | — | ||||||
Consumer | 15,873,011 | 14,623,377 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 147,196,037 | $ | 93,688,890 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Standby letters of credit | $ | 17,306,158 | $ | 11,309,579 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
        Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed interest rates fixed at current market rates, expiration dates or other termination clauses and may require payment of a fee. Available credit lines represent the unused portion of lines of credit previously extended and available to the customer so long as there is no violation of any contractual condition. These lines generally have variable interest rates. Since many of the commitments are expected to expire without being drawn upon, and since it is unlikely that all customers will draw upon their lines of credit in full at any time, the total commitment amount or line of credit amount does not necessarily represent future cash requirements. We evaluate each customer's credit worthiness on a case by case basis. We regularly reevaluate many of our commitments to extend credit. Because we conservatively underwrite these facilities at inception, we generally do not have to withdraw any commitments. We are not aware of any loss that we would incur by funding our commitments or lines of credit. | ||||||||
        Standby letters of credit are conditional commitments issued to guarantee the performance of a customer to a third party. Our exposure to credit loss in the event of non-performance by the customer is the contract amount of the commitment. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. | ||||||||
        A reserve has been established in the amount of $13,900 for loans sold in the secondary market with recourse obligations as of December 31, 2013. In addition, a reserve in the amount of $185,810 has been established for the unfunded portion of loan commitments. Both reserves are included in other liabilities. No such reserves were recorded in 2012 or 2011. | ||||||||
        As of December 31, 2013, we leased 13 branch locations and six loan production offices from non-related parties under lease agreements expiring through 2040. We lease our corporate headquarters and one branch location from Pointer Ridge. Each of the leases provides extension options. | ||||||||
        The approximate future minimum lease commitments under the operating leases as of December 31, 2013, are presented below. We have eliminated 62.5% of lease commitments to Pointer Ridge in consolidation. | ||||||||
Year | Amount | |||||||
2014 | $ | 1,785,967 | ||||||
2015 | 1,697,085 | |||||||
2016 | 1,674,142 | |||||||
2017 | 1,488,839 | |||||||
2018 | 1,142,993 | |||||||
Remaining | 4,434,487 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 12,223,513 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
        Rent expense was $1,864,738, $1,373,490 and $1,172,843 for the years ended December 31, 2013, 2012, and 2011, respectively. | ||||||||
        On August 25, 2006, Pointer Ridge entered into a loan agreement with an unrelated bank, in an original principal amount of $6.6 million to finance the commercial office building located at 1525 Pointer Ridge Place, Bowie, Maryland. We lease approximately 65% of this building for our main office and operate a branch from this address. Pursuant to the terms of a guaranty between the bank and Bancshares dated August 25, 2006, Bancshares has guaranteed up to 62.5% of the loan amount plus costs incurred by the lender resulting from any acts, omissions or alleged acts or omissions. | ||||||||
Fair_Value_Measurement
Fair Value Measurement | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||
18. Fair Value Measurement | |||||||||||||||||
        The fair value of an asset or liability is the price that participants would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants. A fair value measurement assumes that the transaction to sell the asset or transfer the liability occurs in the principal market for the asset or liability, or, in the absence of a principal market, the most advantageous market for the asset or liability. The price in the principal (or most advantageous) market used to measure the fair value of the asset or liability shall not be adjusted for transaction costs. An orderly transaction is a transaction that assumes exposure to the market for a period prior to the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets and liabilities; it is not a forced transaction. Market participants are buyers and sellers in the principal market that are (i) independent, (ii) knowledgeable, (iii) able to transact and (iv) willing to transact. | |||||||||||||||||
        The fair value hierarchy established by accounting standards defines three input levels for fair value measurement. The applicable standard describes three levels of inputs that may be used to measure fair value: Level 1 is based on quoted market prices in active markets for identical assets. Level 2 is based on significant observable inputs other than Level 1 prices. Level 3 is based on significant unobservable inputs that reflect a company's own assumptions about the assumption that market participants would use in pricing an asset or liability. We evaluate fair value measurement inputs on an ongoing basis in order to determine if there is a change of sufficient significance to warrant a transfer between levels. For the years ended December 31, 2013 and 2012, there were no transfers between levels. | |||||||||||||||||
        At December 31, 2013, Bancshares holds, as part of its investment portfolio, available for sale securities reported at fair value consisting of municipal securities, U.S. government sponsored entities, mortgage-backed securities. The fair value of the majority of these securities is determined using widely accepted valuation techniques including matrix pricing and broker-quote based applications. Inputs include benchmark yields, reported trades, issuer spreads, prepayments speeds and other relevant items. These are inputs used by a third-party pricing service used by us. To validate the appropriateness of the valuations provided by the third party, we regularly update the understanding of the inputs used and compare valuations to an additional third party source. We classify all our investment securities available for sale in Level 2 of the fair value hierarchy, with the exception of treasury securities which fall into Level 1. | |||||||||||||||||
        Bancshares values Sallie Mae (SLMA) equity securities (included in equity securities) at fair value on a recurring basis. We value SLMA equity securities under Level 1. | |||||||||||||||||
Assets and Liabilities Measured at Fair Value on a Recurring Basis | |||||||||||||||||
At December 31, 2013 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | Total Changes | |||||||||||||
Active Markets for | Observable | Unobservable | in Fair Values | ||||||||||||||
Identical Assets | Inputs | Inputs | Included in | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Period Earnings | ||||||||||||||
Availabe-for-sale: | |||||||||||||||||
Treasury securities | $ | 1,250 | $ | 1,250 | $ | — | $ | — | $ | — | |||||||
U.S. government agency | 40,735 | — | 40,735 | — | — | ||||||||||||
Municipal securities | 59,267 | — | 59,267 | — | — | ||||||||||||
FHLMC MBS | 5,206 | — | 5,206 | — | — | ||||||||||||
FNMA MBS | 18,703 | — | 18,703 | — | — | ||||||||||||
GNMA MBS | 39,921 | — | 39,921 | — | — | ||||||||||||
SBA loan pools | 7,088 | — | 7,088 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total investment securities available for sale | 172,170 | 1,250 | 170,920 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Sallie Mae equity securities | 414 | 414 | — | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recurring assets at fair value | $ | 172,584 | $ | 1,664 | $ | 170,920 | $ | — | $ | — | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
At December 31, 2012 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | Total Changes | |||||||||||||
December 31, 2012 | Active Markets for | Observable | Unobservable | in Fair Values | |||||||||||||
Identical Assets | Inputs | Inputs | Included in | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Period Earnings | ||||||||||||||
Availabe-for-sale: | |||||||||||||||||
Treasury securities | $ | 1,251 | $ | 1,251 | $ | — | $ | — | $ | — | |||||||
U.S. government agency | 28,570 | — | 28,570 | — | — | ||||||||||||
Municipal securities | 63,854 | — | 63,854 | — | — | ||||||||||||
FHLMC MBS | 6,690 | — | 6,690 | — | — | ||||||||||||
FNMA MBS | 18,460 | — | 18,460 | — | — | ||||||||||||
GNMA MBS | 51,612 | — | 51,612 | — | — | ||||||||||||
SBA loan pools | 1,104 | — | 1,104 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total investment securities available for sale | 171,541 | 1,251 | 170,290 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Sallie Mae equity securities | 270 | 270 | — | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recurring assets at fair value | $ | 171,811 | $ | 1,521 | $ | 170,290 | $ | — | $ | — | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis | |||||||||||||||||
        We may be required from time to time, to measure certain assets at fair value on a non-recurring basis in accordance with U.S. generally accepted accounting principles. These include assets that are measured at the lower of cost or market that were recognized at fair value below cost at the end of the period. Assets measured at fair value on a nonrecurring basis are included in the table below. | |||||||||||||||||
At December 31, 2013 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | ||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Impaired Loans | |||||||||||||||||
Legacy: | $ | 9,723 | — | — | $ | 9,723 | |||||||||||
Acquired: | 1,296 | — | — | 1,296 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Impaired Loans | 11,019 | — | — | 11,019 | |||||||||||||
Other real estate owned: | |||||||||||||||||
Legacy: | $ | 475 | — | — | $ | 475 | |||||||||||
Acquired: | 3,836 | — | — | 3,836 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other real estate owned: | 4,311 | — | — | 4,311 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 15,330 | $ | — | $ | — | $ | 15,330 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
At December 31, 2012 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | ||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Impaired Loans | |||||||||||||||||
Legacy | $ | 2,191 | $ | — | $ | — | $ | 2,191 | |||||||||
Acquired | 4,470 | — | — | 4,470 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Impaired Loans | $ | 6,661 | $ | — | $ | — | $ | 6,661 | |||||||||
. | |||||||||||||||||
Other real estate owned: | |||||||||||||||||
Legacy | $ | 1,651 | $ | — | $ | — | $ | 1,651 | |||||||||
Acquired | 2,068 | — | — | 2,068 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other real estate owned: | 3,719 | — | — | 3,719 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 10,380 | $ | — | $ | — | $ | 10,380 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Loans considered impaired are loans for which, based on current information and events, it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are subject to nonrecurring fair value adjustments to reflect write-downs that are based on the market price or current appraised value of the collateral, adjusted to reflect local market conditions or other economic factors. After evaluating the underlying collateral, the fair value of the impaired loans is determined by allocating specific reserves from the allowance for loan losses to the loans. Thus, the fair value reflects the loan balance as adjusted by partial charge-offs less the specifically allocated reserve. Certain collateral-dependent impaired loans are reported at the fair value of the underlying collateral. | |||||||||||||||||
        Impairment is measured based on the fair value of the collateral, which is typically derived from appraisals that take into consideration prices in observed transactions involving similar assets and similar locations. Discounts applied to appraisals have been in the range of 0% to 50%. Each appraisal is updated on an annual basis, either through a new appraisal or through our internal review process. Appraised values are reviewed and monitored internally and fair value is re-assessed at least quarterly or more frequently when circumstances occur that indicate a change in fair value. The fair value of impaired loans that are not collateral dependent is measured using a discounted cash flow analysis considered to be a Level 3 input. | |||||||||||||||||
        The fair value of other real estate owned ("OREO") is based on property appraisals adjusted at management's discretion to reflect a further decline in the fair value of properties since the time the appraisal analysis was performed. Discounts applied to appraisals have predominantly been in the range of 0% to 50%; however, in certain cases have ranged up to 75%. Appraised values are reviewed and monitored internally and fair value is re-assessed at least quarterly or more frequently when circumstances occur that indicate a change in fair value. Therefore, the inputs used to determine the fair value of OREO and repossessed assets fall within Level 3. We may include within OREO other repossessed assets received as partial satisfaction of a loan. These assets are not material and do not typically have readily determinable market values and are considered Level 3 inputs. As a result of the acquisition of Maryland Bankcorp and WSB Holdings, we have segmented the other real estate owned into two components, real estate obtained as a result of loans originated by the Bank (legacy) and other real estate acquired from MB&T and WSB or obtained as a result of loans originated by MB&T and WSB (acquired). The increase in level 3 is due to an increase in our legacy non-accrual loans, and acquired other real estate owned. | |||||||||||||||||
        The following methods and assumptions were used to estimate the fair value for each class of our financial instruments. | |||||||||||||||||
        Cash and Cash Equivalents—For cash and cash equivalents, the carrying amount is a reasonable estimate of fair value because of the short maturities of these instruments. | |||||||||||||||||
        Loans—We estimate the fair value of loans, segregated by type based on similar financial characteristics, segregated by type based on similar financial characteristics, by discounting future cash flows using current rates for which we would make similar loans to borrowers with similar credit histories. We then adjust this calculated amount for any credit impairment. | |||||||||||||||||
        Loans held for Sale—Loans held for sale are carried at the lower of cost or market value. The fair values of loans held for sale are based on commitments on hand from investors within the secondary market for loans with similar characteristics. | |||||||||||||||||
        Investment Securities—We base the fair values of investment securities upon quoted market prices or dealer quotes. | |||||||||||||||||
        Equity Securities—Equity securities are considered restricted stock and are carried at cost which approximates fair value. | |||||||||||||||||
        Bank Owned Life Insurance—The carrying amount of Bank Owned Life Insurance ("BOLI") purchased on a group of officers is a reasonable estimate of fair value. BOLI is an insurance product that provides an effective way to offset current employee benefit costs. | |||||||||||||||||
        Accrued Interest Receivable and Payable—The carrying amount of accrued interest and dividends receivable on loans and investments and payable on borrowings and deposits approximate their fair values. | |||||||||||||||||
        Interest bearing deposits—The fair value of demand deposits and savings accounts is the amount payable on demand. We estimate the fair value of fixed maturity certificates of deposit using the rates currently offered for deposits of similar remaining maturities. | |||||||||||||||||
        Non-Interest bearing deposits—The fair value of non-interest bearing accounts is the amount payable on demand at the reporting date. | |||||||||||||||||
        Long and short term borrowings—The fair value of long and short term fixed rate borrowings is estimated by discounting the value of contractual cash flows using rates currently offered for advances with similar terms and remaining maturities. | |||||||||||||||||
        Off-balance Sheet Commitments and Contingencies—Carrying amounts are reasonable estimates of the fair values for such financial instruments. Carrying amounts include unamortized fee income and, in some cases, reserves for any credit losses from those financial instruments. These amounts are not material to our financial position. | |||||||||||||||||
        The following disclosures of the estimated fair value of financial instruments are made in accordance with the requirements of ASC 825, "Disclosures about Fair Value of Financial Instruments". We have determined the fair value amounts by using available market information and appropriate valuation methodologies. However, considerable judgment is required in interpreting market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts we could realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. | |||||||||||||||||
December 31, 2013 (In thousands) | |||||||||||||||||
Carrying | Total | Quoted Prices | Significant | Significant | |||||||||||||
Amount | Estimated | in Active | Other | Other | |||||||||||||
(000's) | Fair | Markets for | Observable | Unobservable | |||||||||||||
Value | Identical Assets | Inputs | Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 29,058 | $ | 29,058 | $ | 29,058 | $ | — | $ | — | |||||||
Loans receivable, net | 847,249 | 860,458 | — | — | 860,458 | ||||||||||||
Loans held for sale | 2,015 | 2,015 | — | 2,015 | — | ||||||||||||
Investment securities available for sale | 172,170 | 172,170 | — | 172,170 | — | ||||||||||||
Equity Securities at cost | 5,670 | 5,670 | 414 | 5,256 | — | ||||||||||||
Bank Owned Life Insurance | 30,577 | 30,577 | — | 30,577 | — | ||||||||||||
Accrued interest receivable | 3,433 | 3,433 | — | 1,088 | 2,345 | ||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Non-interest-bearing | 228,734 | 228,734 | — | 228,734 | — | ||||||||||||
Interest bearing | 745,626 | 751,703 | — | 751,703 | — | ||||||||||||
Short term borrowings | 49,530 | 49,530 | — | 49,530 | — | ||||||||||||
Long term borrowings | 6,093 | 6,093 | — | 6,093 | — | ||||||||||||
Accrued Interest payable | 265 | 265 | — | 265 | — | ||||||||||||
December 31, 2012 (In thousands) | |||||||||||||||||
Carrying | Total | Quoted Prices | Significant | Significant | |||||||||||||
Amount | Estimated | in Active | Other | Other | |||||||||||||
(000's) | Fair | Markets for | Observable | Unobservable | |||||||||||||
Value | Identical Assets | Inputs | Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 28,691 | $ | 28,691 | $ | 28,691 | $ | — | $ | — | |||||||
Loans receivable, net | 595,145 | 599,320 | — | — | 599,320 | ||||||||||||
Investment securities available for sale | 171,541 | 171,541 | — | 171,541 | — | ||||||||||||
Equity Securities at cost | 3,615 | 3,615 | 270 | 3,345 | — | ||||||||||||
Bank Owned Life Insurance | 16,869 | 16,869 | — | 16,869 | — | ||||||||||||
Accrued interest receivable | 2,639 | 2,639 | — | 1,031 | 1,608 | ||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Non-interest-bearing | 188,896 | 188,896 | — | 188,896 | — | ||||||||||||
Interest bearing | 546,563 | 554,778 | — | 554,778 | — | ||||||||||||
Short term borrowings | 37,905 | 37,905 | — | 37,905 | — | ||||||||||||
Long term borrowings | 6,192 | 6,192 | — | 6,192 | — | ||||||||||||
Accrued Interest payable | 547 | 547 | — | 547 | — |
Other_Operating_Expenses
Other Operating Expenses | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Operating Expenses | ' | ||||||||||
Other Operating Expenses | ' | ||||||||||
19. Other Operating Expenses | |||||||||||
        Other operating expenses that are significant are as follows: | |||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Network Services | $ | 582,533 | $ | 266,382 | $ | 143,899 | |||||
Telephone | 564,164 | 460,308 | 464,786 | ||||||||
Pointer Ridge other operating | 409,071 | 422,127 | 562,223 | ||||||||
Other | 5,298,922 | 4,436,271 | 3,628,600 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 6,854,690 | $ | 5,585,088 | $ | 4,799,508 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Parent_CompanyCondensed_Financ
Parent Company-Condensed Financial Information | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Parent Company-Condensed Financial Information | ' | ||||||||||
Parent Company-Condensed Financial Information | ' | ||||||||||
20. Parent Company—Condensed Financial Information | |||||||||||
        The Condensed balance sheets, statements of income, and statements of cash flows for Bancshares (Parent Company) follow: | |||||||||||
Old Line Bancshares, Inc. | |||||||||||
Condensed Balance Sheets | |||||||||||
December 31, | 2013 | 2012 | |||||||||
Assets | |||||||||||
Cash and due from banks | $ | 4,657,549 | $ | 207,687 | |||||||
Investment in Real Estate LLC | 499,871 | 652,579 | |||||||||
Investment in Old Line Bank | 120,659,537 | 73,699,992 | |||||||||
Other assets | 788,283 | 341,328 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 126,605,240 | $ | 74,901,586 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Liabilities and Stockholders' Equity | |||||||||||
Accounts payable | $ | 355,845 | $ | 39,972 | |||||||
Stockholders' equity | |||||||||||
Common stock | 107,772 | 68,454 | |||||||||
Additional paid-in capital | 104,622,171 | 53,792,015 | |||||||||
Retained earnings | 24,879,275 | 18,531,387 | |||||||||
Accumulated other comprehensive income (loss) | (3,359,823 | ) | 2,469,758 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
126,249,395 | 74,861,614 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 126,605,240 | $ | 74,901,586 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Old Line Bancshares, Inc. | |||||||||||
Condensed Statements of Income | |||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | ||||||||
Interest and dividend income | |||||||||||
Dividend from Old Line Bank | $ | 1,490,941 | $ | 1,592,819 | $ | 821,496 | |||||
Interest on money market and certificates of deposit | 2,869 | 325 | 4,794 | ||||||||
Interest on loans | — | — | 5,787 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total interest and dividend income | 1,493,810 | 1,593,144 | 832,077 | ||||||||
Non-interest income (loss) | (50,326 | ) | (108,542 | ) | (247,198 | ) | |||||
Non-interest expense | 943,022 | 496,963 | 460,034 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income before income taxes | 500,462 | 987,639 | 124,845 | ||||||||
Income tax expense (benefit) | (97,767 | ) | (91,441 | ) | (175,662 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
598,229 | 1,079,080 | 300,507 | |||||||||
Undistributed net income of Old Line Bank | 7,240,600 | 6,451,384 | 5,079,464 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income | $ | 7,838,829 | $ | 7,530,464 | $ | 5,379,971 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Old Line Bancshares, Inc. | |||||||||||
Statements of Cash Flows | |||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | ||||||||
Cash flows from operating activities | |||||||||||
Interest and dividends received | $ | 1,493,810 | $ | 1,593,144 | $ | 833,271 | |||||
Income taxes | — | — | 52,161 | ||||||||
Reimbursement received (cash paid) for operating expenses | (643,211 | ) | (454,977 | ) | (286,601 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
850,599 | 1,138,167 | 598,831 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from investing activities | |||||||||||
Principal collected on loans made | — | — | 272,889 | ||||||||
Cash and cash equivalents of acquired company | (10,000,000 | ) | — | 25,239 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
(10,000,000 | ) | — | 298,128 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from financing activities | |||||||||||
Proceeds from stock options exercised, including tax benefit | 814,101 | 127,193 | 40,788 | ||||||||
Proceeds from issuance of common stock | 12,177,568 | — | 6,332,844 | ||||||||
Acquisition cash consideration | 2,098,535 | — | (1,022,162 | ) | |||||||
Repayment of acquired bank debt | — | — | (5,403,883 | ) | |||||||
Cash dividends paid-common stock | (1,490,941 | ) | (1,092,819 | ) | (821,497 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
13,599,263 | (965,626 | ) | (873,910 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net increase (decrease) in cash and cash equivalents | 4,449,862 | 172,541 | 23,049 | ||||||||
Cash and cash equivalents at beginning of year | 207,687 | 35,146 | 12,097 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of year | $ | 4,657,549 | $ | 207,687 | $ | 35,146 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Reconciliation of net income to net cash provided by operating activities | |||||||||||
Net income | $ | 7,838,829 | $ | 7,530,464 | $ | 5,379,971 | |||||
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||||
Undistributed net income of Old Line Bank | (7,240,600 | ) | (6,451,384 | ) | (5,079,464 | ) | |||||
Stock based compensation awards | 230,743 | 176,024 | 132,661 | ||||||||
(Income) loss from investment in real estate LLC | 152,707 | 108,542 | 247,198 | ||||||||
Increase (decrease) in other liabilities | 315,874 | 8,043 | (106,680 | ) | |||||||
(Increase) decrease in other assets | (446,954 | ) | (233,522 | ) | 25,145 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 850,599 | $ | 1,138,167 | $ | 598,831 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Litigation
Litigation | 12 Months Ended |
Dec. 31, 2013 | |
Litigation | ' |
Litigation | ' |
21. Litigation | |
        From time to time we may be involved in ordinary routine litigation incidental to our business. We are not, however, involved in any legal proceedings the outcome of which, in management's opinion, would be material to our financial condition. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
Basis of Presentation and Consolidation | ' | ||||||||||
Basis of Presentation and Consolidation—The accompanying consolidated financial statements include the activity of Bancshares, its wholly owned subsidiary, Old Line Bank, and its majority owned membership interest in Pointer Ridge Office Investment, LLC ("Pointer Ridge"). We have eliminated all significant intercompany transactions and balances. | |||||||||||
        We report the non-controlling interests in Pointer Ridge separately in the consolidated balance sheets. We report the income of Pointer Ridge attributable to Bancshares from the date of our acquisition of majority interest on the consolidated statements of income. | |||||||||||
Use of estimates | ' | ||||||||||
Use of estimates—The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. These estimates and assumptions may affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. A material estimate that is particularly susceptible to significant change in the near term relates to the determination of the allowance for loan losses. | |||||||||||
Cash and cash equivalents | ' | ||||||||||
Cash and cash equivalents—For purposes of the Consolidated Statements of Cash Flows, cash and cash equivalents include cash on hand, amounts due from banks, interest bearing deposits and federal funds sold. Generally, we purchase and sell federal funds for one day periods. | |||||||||||
Investment securities | ' | ||||||||||
Investment securities—As we purchase securities, management determines if we should classify the securities as held to maturity, available for sale or trading. We record the securities which management has the intent and ability to hold to maturity at amortized cost which is cost adjusted for amortization of premiums and accretion of discounts to maturity. We classify securities which we may sell before maturity as available for sale and carry these securities at fair value with unrealized gains and losses included in stockholders' equity on an after tax basis. Management has not identified any investment securities as trading. | |||||||||||
        We record gains and losses on the sale of securities on the trade date and determine these gains or losses using the specific identification method. We amortize premiums and accrete discounts using the interest method. | |||||||||||
        Management systematically evaluates investment securities for other-than-temporary declines in fair value on a quarterly basis. This analysis requires management to consider various factors, which include (1) duration and magnitude of the decline in value, (2) the financial condition of the issuer or issuers and (3) the structure of the security. A decline in the market value of any available for sale security below cost that is deemed other-than-temporary results in a charge to earnings and establishment of a new cost basis for that security. | |||||||||||
Stock based compensation awards | ' | ||||||||||
Stock based compensation awards—We account for individual stock options under the fair value method of accounting using a Black-Scholes valuation model to measure stock based compensation expense at the date of grant. For the years ended December 31, 2013, 2012 and 2011, we recorded stock based compensation expense of $230,743, $176,024 and $132,661, respectively. | |||||||||||
        We may only recognize tax benefits for options that ordinarily will result in a tax deduction when the grant is exercised (non-qualified options). For the years ended December 31, 2013 and 2012, we recognized a tax benefit associated with the portion of the expense that was related to the issuance of non-qualified options of $38,135 and $19,835, respectively. There were no non-qualified options included in the expense calculation for the year ended December 31, 2011. | |||||||||||
Equity Securities | ' | ||||||||||
Equity Securities—Equity securities include stock from Federal Reserve, Federal Home Loan Bank, Atlantic Central Bankers Bank, Maryland Financial Bank and Student Loan Marketing Association (SLMA), which are carried at cost which approximates fair value. | |||||||||||
Premises and equipment | ' | ||||||||||
Premises and equipment—We record premises and equipment at cost less accumulated depreciation. Generally, we compute depreciation using the straight line method over the estimated useful life of the assets. Estimated useful life for our buildings is five to 50 years. Estimated useful life for our leasehold improvements is three to 30 years. Estimated useful life for our furniture and equipment is three to 23 years. | |||||||||||
Other real estate owned | ' | ||||||||||
Other real estate owned—Other real estate owned consists of properties obtained through foreclosure proceedings or acceptance of a deed in lieu of foreclosure, and is reported on an individual asset basis at net realizable value. Net realizable value equals fair value and is determined on the basis of current appraisals, comparable sales, and other estimates of value obtained principally from independent sources less estimated selling costs. While initial fair value is determined by independent third parties, management may subsequently reassess these valuations and apply additional discounts if necessary. When properties are acquired through foreclosure, any excess of the loan balance at the time of foreclosure over the fair value of the real estate held as collateral is recognized and charged to the allowance for loan losses. Subsequent write-downs are charged to a separate allowance for losses pertaining to real estate owned, established through provisions for estimated losses on other real estate owned charged to operations. Based upon management's evaluation of the real estate acquired through foreclosure, additional expense is recorded when necessary in an amount sufficient to reflect any estimated declines in fair value. Gains and losses recognized on the disposition of the properties are also recorded in non-interest expense in the consolidated statements of income. Costs of improvements to real estate are capitalized, while costs associated with holding the real estate are charged to operations. | |||||||||||
Mortgage Banking Activities | ' | ||||||||||
Mortgage Banking Activities—As part of normal business operations, we originate residential mortgage loans that have been pre-approved by secondary investors. The terms of the loans are set by the secondary investors, and the purchase price that the investor will pay for the loan is agreed to prior to the commitment of the loan. Generally, within three weeks after funding, the loans are transferred to the investor in accordance with the agreed-upon terms. On the settlement date of these loans, we record the gains from the sale of these loans equal to the difference between the proceeds to be received and the carrying amount of the loan. | |||||||||||
Goodwill and Other Intangible Assets | ' | ||||||||||
Goodwill and Other Intangible Assets—Goodwill represents the excess of the purchase price over the sum of the estimated fair values of tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed related to the acquisitions of Maryland Bankcorp, Inc. and WSB Holdings, Inc. Core deposit intangibles represent the estimated value of long-term deposit relationships acquired in these transactions. The core deposit intangible is being amortized over 18 years for Maryland Bankcorp, Inc. and ten years for WSB Holdings, Inc. and the estimated useful lives are periodically reviewed for reasonableness. | |||||||||||
        Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset's fair value. The goodwill impairment analysis is a two-step test. The first step, used to identify potential impairment, comparing the reporting unit's estimated fair value to its carrying value, including goodwill. If the estimated fair value of a reporting unit exceeds its carrying value, goodwill assigned to that reporting unit is considered not to be impaired. If the carrying value exceeds estimated fair value, there is an indication of potential impairment and the second step is performed to measure the amount of impairment of goodwill assigned to that reporting unit. | |||||||||||
        If required, the second step involves calculating an implied fair value of goodwill for each reporting unit for which the first step indicated impairment. The implied fair value of goodwill is determined in a manner similar to the amount of goodwill calculated in a business combination, by measuring the excess of the estimated fair value of the reporting unit, as determined in the first step, over the aggregate estimated fair values of the individual assets, liabilities and identifiable intangibles as if the reporting unit was being acquired in a business combination. If the implied fair value of goodwill exceeds the carrying value of goodwill assigned to the reporting unit, there is no impairment. If the carrying value of goodwill assigned to a reporting unit exceeds the implied fair value of the goodwill, an impairment charge is recorded for the excess. An impairment loss cannot exceed the carrying value of goodwill assigned to a reporting unit, and the loss establishes a new basis in the goodwill. Subsequent reversal of goodwill impairment losses is not permitted. We have determined that Bancshares has one reporting unit. | |||||||||||
        We evaluated the carrying value of goodwill as of September 30, 2013, our annual test date, and determined that no impairment charge was necessary. Additionally, should Bancshares' future earnings and cash flows decline and/or discount rates increase, an impairment charge to goodwill and other intangible assets may be required. There have been no events subsequent to the September 30, 2013 evaluation that caused us to perform an interim review of the carrying value of goodwill. | |||||||||||
Business Combinations | ' | ||||||||||
Business Combinations—Accounting principles generally accepted in the United States (U.S. GAAP) requires that the acquisition method of accounting, formerly referred to as purchase method, be used for all business combinations and that an acquirer be identified for each business combination. Under U.S. GAAP, the acquirer is the entity that obtains control of one or more businesses in the business combination, and the acquisition date is the date the acquirer achieves control. U.S. GAAP requires that the acquirer recognize the fair value of assets acquired, liabilities assumed, and any non-controlling interest in the acquiree at the acquisition date. | |||||||||||
Loans and interest income | ' | ||||||||||
Loans and interest income—We report loans at face value plus deferred origination costs, less deferred origination fees and the allowance for loan losses. We accrue interest on loans based on the principal amounts outstanding. We amortize origination fees and costs to income over the terms of the loans using an approximate interest method. | |||||||||||
        We discontinue the accrual of interest when any portion of the principal or interest is 90 days past due and collateral is insufficient to discharge the debt in full. Based on current information, we consider loans impaired when management determines that it is unlikely that the borrower will make principal and interest payments according to contractual terms. Generally, we do not review loans for impairment until we have discontinued the accrual of interest. We consider several factors in determining impairment including payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Generally, we do not classify loans that experience insignificant payment delays and payment shortfalls as impaired. Management determines the significance of payment delays and payment shortfalls on a case by case basis. We consider all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. We measure impairment on a loan by loan basis for commercial and real estate loans by determining either the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's obtainable market price or the fair value of the collateral if the loan is collateral dependent. If it is doubtful that we will collect principal, we apply all payments to principal. | |||||||||||
        We collectively evaluate large groups of smaller balance homogeneous loans for impairment. Accordingly, we do not separately identify individual consumer and residential loans for impairment unless such loans are the subject of a restructuring agreement or the borrower has filed bankruptcy. | |||||||||||
Acquired loans | ' | ||||||||||
Acquired loans—These loans are recorded at fair value at the date of acquisition, and accordingly no allowance for loan losses is transferred to the acquiring entity in connection with purchase accounting. The fair values of loans with evidence of credit deterioration (purchased, credit-impaired loans) are initially recorded at fair value, but thereafter accounted for differently than purchased, non-credit-impaired loans. For purchased, credit-impaired loans, the excess of all cash flows estimated to be collectable at the date of acquisition over the purchase price of the purchase credit-impaired loan is recognized as interest income, using a level-yield basis over the life of the loan. This amount is referred to as the accretable yield. The purchased credit-impaired loan's contractually-required payments receivable estimated to be in excess of the amount of its future cash flows expected at the date of acquisition is referred to as the non-accretable difference, and is not reflected as an adjustment to the yield, in the form of a loss accrual or a valuation allowance. | |||||||||||
        Subsequent to the acquisition date, management continues to monitor cash flows on a quarterly basis, to determine the performance of each purchased, credit-impaired loan in comparison to management's initial performance expectations. Subsequent decreases to the expected cash flows will generally result in a provision for loan losses. Subsequent significant increases in cash flows result in a reversal of the provision for loan losses to the extent of prior provisions or a reclassification of amount from non-accretable difference to accretable yield, with a positive impact on the accretion of interest income in future periods. | |||||||||||
        Acquired performing loans are accounted for using the contractual cash flows method of recognizing discount accretion based on the acquired loans' contractual cash flows. Acquired performing loans are recorded as of the purchase date at fair value. Credit losses on the acquired performing loans are estimated based on analysis of the performing portfolio. A provision for loan losses is recognized for any further credit deterioration that occurs in these loans subsequent to the acquisition date. | |||||||||||
Loans Held-for-Sale | ' | ||||||||||
Loans Held-for-Sale—The loans classified in the held-for-sale portfolio consists of loans that have been committed to be purchased by investors in the secondary market at December 31, 2013 and will be settled subsequent to that date. Only loans purchased by investors with recourse obligations are included in other liabilities. | |||||||||||
Allowance for Loan Losses | ' | ||||||||||
Allowance for Loan Losses—The allowance for loan losses represent an amount which, in management's judgment, will be adequate to absorb probable losses on existing loans and other extensions of credit that may become uncollectible. Management bases its judgment in determining the adequacy of the allowance on evaluations of the collectability of loans. Management takes into consideration such factors as changes in the nature and volume of the loan portfolio, current economic conditions that may affect the borrowers' ability to pay, overall portfolio quality, and review of specific problem areas. If the current economy or real estate market continues to suffer a severe downturn, we may need to increase the estimate for uncollectible accounts. We charge off loans which we deem uncollectible and deduct them from the allowance. We add recoveries on loans previously charged off to the allowance. | |||||||||||
        During the third quarter of 2013, management revised the methodology for the loss-rate analysis for the performing loan portfolios due to the increase in total loans and the complexity of the loan portfolio. The primary changes in the methodology were to segment loans with similar risk characteristics, change the look back period to 12 quarters and enhance our qualitative environmental factors applied. Previously we used various loss measurement periods for the different segments. Some were three years and some had history disregarded because there was so little in losses. | |||||||||||
        Management made the following changes to the methodology during the third quarter of 2013: | |||||||||||
• | |||||||||||
The portfolio is analyzed in the following segments for the ASC 450 analysis pool and is sorted by the following loan types: | |||||||||||
Commercial | |||||||||||
Commercial & Industrial Loans | |||||||||||
Commercial Real Estate | |||||||||||
Commercial Real Estate Loans—Owner Occupied | |||||||||||
Commercial Real Estate Loans—Non-owner occupied | |||||||||||
Commercial Real Estate Loans—Hotels/Motels/Inns | |||||||||||
Commercial Land Loans | |||||||||||
Commercial Acquisition & Development Loans | |||||||||||
Residential Real Estate | |||||||||||
Residential Land Loans | |||||||||||
Residential Acquisition & Development Loans | |||||||||||
Residential First Lien Loans (including construction)—Investor | |||||||||||
Residential First Lien Loans (including construction)—Owner Occupied | |||||||||||
HELOCÂ & Closed End Junior Lien Loans | |||||||||||
Consumer | |||||||||||
Consumer Installment Loans—Boats | |||||||||||
Consumer Installment Loans—Other | |||||||||||
Consumer Revolving & Credit Cards | |||||||||||
• | |||||||||||
Within each of the above loan types, each portfolio is sorted by the risk assessment rating of each loan as Pass, Pass-Watch, Special Mention or Substandard. | |||||||||||
• | |||||||||||
The Bank's loss experience for each of the last 12 quarters is aggregated and that total is used to create a percentage of the loan portfolio as it existed at the beginning of the 12 quarter "look back." | |||||||||||
• | |||||||||||
The Bank's loss experience (Loss Factor) is progressively tiered by risk category for Pass, Pass-Watch, Special Mention and Substandard loans by applying a higher loss factor to higher risk rated categories. Loans rated "Doubtful" or "Loss" are, by definition, impaired and will be specifically reserved based upon Bank management's best estimate of the loss exposure for each loan. | |||||||||||
• | |||||||||||
Qualitative factors now include: levels and trends in delinquencies and non-accruals; trends in volumes and terms of loans; effects of any changes in lending policies; the experience, ability and depth of management; regional and local economic trends and conditions; Peer Group loan loss history; concentrations of credit; quality of the bank's loan review system; external factors, such as competition, legal and regulatory requirements; and, management's collective assessment of the appropriateness of the allowance for loan losses in light of recent trends, events, political impact and other considerations. | |||||||||||
Advertising | ' | ||||||||||
Advertising—We expense advertising costs over the life of ad campaigns. We expense general purpose advertising as we incur it. | |||||||||||
Income taxes | ' | ||||||||||
Income taxes—The provision for income taxes includes taxes payable for the current year and deferred income taxes. We determine deferred tax assets and liabilities based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which we expect the differences to reverse. If needed, we use a valuation allowance to reduce the deferred tax assets to the amount we expect to realize. We allocate tax expense and tax benefits to Bancshares and its subsidiaries based on their proportional share of taxable income. | |||||||||||
Earnings per share | ' | ||||||||||
Earnings per share—We determine basic earnings per common share by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding giving retroactive effect to stock dividends. | |||||||||||
        We calculate diluted earnings per common share by including the average dilutive common stock equivalents outstanding during the period. Dilutive common equivalent shares consist of stock options and warrants, calculated using the treasury stock method. | |||||||||||
Years Ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Net Income | $ | 7,838,829 | $ | 7,530,464 | $ | 5,379,971 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Denominator: | |||||||||||
Weighted average common shares outstanding | 9,044,844 | 6,828,512 | 6,223,057 | ||||||||
Effect of Diluted Options | 104,356 | 65,133 | 30,841 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted shares | 9,149,200 | 6,893,645 | 6,253,898 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income per share: | |||||||||||
Basic | $ | 0.87 | $ | 1.1 | $ | 0.86 | |||||
Diluted | $ | 0.86 | $ | 1.09 | $ | 0.86 | |||||
Comprehensive income | ' | ||||||||||
Comprehensive income—Comprehensive income includes net income attributable to Bancshares and the unrealized gain (loss) on investment securities available for sale net of related income taxes and unrealized gain (loss) on the pension plan. The line item affected in the consolidated statements of income by the re-classified amounts is gain on sales or calls of investment securities. | |||||||||||
Reclassifications | ' | ||||||||||
Reclassifications—We have made certain reclassifications to the 2012 and 2011 financial presentation to conform to the 2013 presentation. | |||||||||||
Recent Accounting Pronouncements | ' | ||||||||||
Recent Accounting Pronouncements—In February 2013, the Financial Accounting Standard Board ("FASB") issued Accounting Standards Update No. 2013-02, "Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income" ("ASU 2013-02"). This guidance is the culmination of the FASB's deliberation on reporting reclassification adjustments from accumulated other comprehensive income ("AOCI"). The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income. However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety, by component, on the face of the statement of operations or in the notes thereto. Amounts that are not required to be reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail. This standard is effective prospectively for annual and interim reporting periods beginning after December 15, 2012. The adoption of ASU 2013-02 did not have an impact on our financial condition, results of operations, or cash flows, but did result in additional disclosures in the financial statements. | |||||||||||
        ASU 2012-02 "Intangibles—Goodwill and Other (Topic 350) Testing Indefinite-Lived Intangible Assets for Impairment" gives entities the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that an indefinite lived intangible asset is impaired. If, after assessing the totality of events or circumstances, an entity determines it is more likely than not that an indefinite lived intangible asset is impaired, then the entity must perform the quantitative impairment test. If, under the quantitative impairment test, the carrying amount of the intangible asset exceeds its fair value, an entity should recognize an impairment loss in the amount of that excess. Permitting an entity to assess qualitative factors when testing indefinite lived intangible assets for impairment results in guidance that is similar to the goodwill impairment testing guidance in ASU 2011-08. ASU 2012-02 was effective January 1, 2013 (early adoption permitted) and it did not have a significant impact on our financial statements or results of operations. | |||||||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Summary of Significant Accounting Policies | ' | ||||||||||
Schedule of earnings per share | ' | ||||||||||
Years Ended December 31, | |||||||||||
2013 | 2012 | 2011 | |||||||||
Net Income | $ | 7,838,829 | $ | 7,530,464 | $ | 5,379,971 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Denominator: | |||||||||||
Weighted average common shares outstanding | 9,044,844 | 6,828,512 | 6,223,057 | ||||||||
Effect of Diluted Options | 104,356 | 65,133 | 30,841 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Diluted shares | 9,149,200 | 6,893,645 | 6,253,898 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income per share: | |||||||||||
Basic | $ | 0.87 | $ | 1.1 | $ | 0.86 | |||||
Diluted | $ | 0.86 | $ | 1.09 | $ | 0.86 |
Acquisition_of_WSB_Holdings_In1
Acquisition of WSB Holdings, Inc. (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Acquisition of WSB Holdings, Inc. | ' | ||||||||||
Schedule of purchased assets, assumed liabilities and identifiable intangible assets recorded at acquisition date fair value | ' | ||||||||||
As Recorded by | Fair Value | As Recorded by | |||||||||
WSB Holdings, Inc | Adjustments | Old Line | |||||||||
Bancshares, Inc. | |||||||||||
Assets | |||||||||||
Cash and due from banks | $ | 5,576,699 | $ | — | $ | 5,576,699 | |||||
Federal funds sold | 33,269,900 | (16,966,208 | ) | 16,303,692 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total cash and cash equivalents | 38,846,599 | (16,966,208 | ) | 21,880,391 | |||||||
Investment securities available for sale | 79,476,355 | -101,654 | (a) | 79,374,701 | |||||||
Loans, net of deferred fees and costs | 177,204,282 | -14,263,180 | (b) | 162,941,102 | |||||||
Allowance for loan losses | (2,767,274 | ) | 2,767,274 | (b) | — | ||||||
Premises and equipment | 4,705,902 | 5,673,151 | (c) | 10,379,053 | |||||||
Accrued interest receivable | 886,413 | — | 886,413 | ||||||||
Deferred income taxes | 7,396,519 | 4,005,790 | (d) | 11,402,309 | |||||||
Bank owned life insurance | 12,986,817 | — | 12,986,817 | ||||||||
Other real estate owned | 5,225,958 | -993,476 | (e) | 4,232,482 | |||||||
Core deposit intangible | — | 2,434,723 | (f) | 2,434,723 | |||||||
Other assets | 4,326,538 | (567,850 | )(g) | 3,758,688 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total assets | $ | 328,288,109 | $ | (18,011,430 | ) | $ | 310,276,679 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Liabilities and Stockholders' Equity | |||||||||||
Deposits | |||||||||||
Non-interest bearing | $ | 10,863,874 | $ | — | $ | 10,863,874 | |||||
Interest bearing | 204,375,389 | 955,452 | (h) | 205,330,841 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total deposits | 215,239,263 | 955,452 | 216,194,715 | ||||||||
Long term borrowings | 56,000,000 | 4,250,568 | (i) | 60,250,568 | |||||||
Accrued interest payable | 246,416 | — | 246,416 | ||||||||
Other liabilities | 2,979,727 | 118,066 | 3,097,793 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total liabilities | $ | 274,465,406 | $ | 5,324,086 | $ | 279,789,492 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net identifiable assets acquired over (under) liabilities assumed | 53,822,703 | (23,335,516 | ) | 30,487,187 | |||||||
Goodwill | — | 7,159,875 | (j) | 7,159,875 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net assets acquired over liabilities assumed | 53,822,703 | (16,175,641 | ) | 37,647,062 | |||||||
Explanation of fair value adjustments | |||||||||||
(a) | |||||||||||
Adjustment reflects marking the available for sale portfolio to fair value as of the acquisition date. | |||||||||||
(b) | |||||||||||
Adjustment reflects the fair value adjustments based on Old Line Bancshares' evaluation of the acquired loan portfolio and excludes the allowance for losses recorded by WSB Holdings. | |||||||||||
(c) | |||||||||||
Adjustment reflects the fair value adjustments based on Bancshares' evaluation of the acquired premises and equipment. | |||||||||||
(d) | |||||||||||
Adjustment to record deferred tax asset related to fair value adjustments at 39.45% income tax rate. | |||||||||||
(e) | |||||||||||
Adjustment reflects the fair value adjustments to other real estate owned based on Bancshares' evaluation of the acquired other real estate owned portfolio. | |||||||||||
(f) | |||||||||||
Adjustment reflects the recording of the core deposits intangible on the acquired deposit accounts. | |||||||||||
(g) | |||||||||||
Adjustment reflects the impairment of certain WSB Holdings' prepaid and deferred accounts. | |||||||||||
(h) | |||||||||||
Adjustment arises since the rates on interest-bearing deposits are higher than rates available on similar deposits as of the acquisition date. | |||||||||||
(i) | |||||||||||
Adjustment reflects the fair value of WSB Holdings' borrowings acquired on acquisition date and is related to the Federal Home Loan Bank of Atlanta ("FHLB") pre-payment penalty incurred subsequent to the acquisition date in the connection with the repayment of all of WSB's FHLB advances by Bancshares. | |||||||||||
(j) | |||||||||||
Within the measurement period, goodwill was increased $946,240. | |||||||||||
        We allocated the purchase price for WSB Holdings as follows: | |||||||||||
Purchase Price Consideration—Common Stock | |||||||||||
WSB Holdings shares outstanding exchanged for stock | 5,223,633 | ||||||||||
Exchange ratio | 0.557 | ||||||||||
Old Line Bancshares shares issued to WSB Holdings stockholders | 2,909,486 | ||||||||||
Purchase price per WSB Holdings common share | $ | 6.0743 | |||||||||
Cash consideration | $ | 16,966,208 | |||||||||
Purchase price assigned to shares exchanged for stock | $ | 37,765,128 | |||||||||
Expenses not accrued for and paid by Old Line Bank | $ | (118,066 | ) | ||||||||
​ | ​ | ​ | ​ | ​ | |||||||
Final purchase price for WSB acquisition | $ | 37,647,062 | |||||||||
​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | |||||||
Schedule of expenses incurred in conjunction with the merger | ' | ||||||||||
Years ended December 31, | 2013 | 2012 | |||||||||
Data processing | $ | 2,610,429 | $ | — | |||||||
Salaries | 254,517 | — | |||||||||
Advisory & legal fees | 523,684 | 314,676 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 3,388,630 | $ | 314,676 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Goodwill and Other Intangible Assets | ' | |||||||
Summary of changes in the carrying amounts of goodwill as well as the gross carrying amounts and accumulated amortization of core deposit intangibles | ' | |||||||
December 31, | ||||||||
2013 | 2012 | |||||||
Goodwill: | ||||||||
Carrying amount at beginning of year | $ | 633,790 | $ | 633,790 | ||||
Goodwill from WSB acquisition | 7,159,875 | — | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Carrying amount at end of year | $ | 7,793,665 | $ | 633,790 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Core deposit intangible: | ||||||||
Core deposit intangible | $ | 5,002,917 | $ | 5,002,917 | ||||
Acquired during the year | 2,434,723 | — | ||||||
Less accumulated amortization | (2,150,139 | ) | (1,311,445 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Carrying amount at end of year | $ | 5,287,501 | $ | 3,691,472 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of future amortization expense of core deposit premium | ' | |||||||
Years ended December 31, | Core Deposit | |||||||
Premium | ||||||||
2014 | $ | 866,706 | ||||||
2015 | 792,898 | |||||||
2016 | 717,873 | |||||||
2017 | 641,632 | |||||||
2018 | 564,173 | |||||||
Thereafter | 1,704,219 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 5,287,501 | ||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
Investment_Securities_Tables
Investment Securities (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Investment Securities | ' | |||||||||||||||||||
Summary of the amortized cost and estimated fair value of securities | ' | |||||||||||||||||||
Amortized | Gross | Gross | Estimated | |||||||||||||||||
cost | unrealized | unrealized | fair value | |||||||||||||||||
gains | losses | |||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Available for sale | ||||||||||||||||||||
U. S. treasury | $ | 1,249,831 | $ | 156 | $ | — | $ | 1,249,987 | ||||||||||||
U.S. government agency | 42,942,107 | — | (2,206,975 | ) | 40,735,132 | |||||||||||||||
Municipal securities | 61,190,506 | 601,327 | (2,525,198 | ) | 59,266,635 | |||||||||||||||
Mortgage backed securities: | ||||||||||||||||||||
FHLMC certificates | 5,214,835 | 75,950 | (84,819 | ) | 5,205,966 | |||||||||||||||
FNMA certificates | 19,055,521 | 161,209 | (513,728 | ) | 18,703,002 | |||||||||||||||
GNMA certificates | 40,878,372 | 127,750 | (1,084,896 | ) | 39,921,226 | |||||||||||||||
SBA loan pools | 7,339,052 | — | (251,224 | ) | 7,087,828 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 177,870,224 | $ | 966,392 | $ | (6,666,840 | ) | $ | 172,169,776 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
December 31, 2012 | ||||||||||||||||||||
Available for sale | ||||||||||||||||||||
U. S. treasury | $ | 1,249,708 | $ | 1,542 | $ | — | $ | 1,251,250 | ||||||||||||
U.S. government agency | 28,493,293 | 105,183 | (27,505 | ) | 28,570,971 | |||||||||||||||
Municipal securities | 61,670,324 | 2,453,427 | (270,102 | ) | 63,853,649 | |||||||||||||||
Mortgage backed securities | ||||||||||||||||||||
FHLMC certificates | 6,448,848 | 245,541 | (4,858 | ) | 6,689,531 | |||||||||||||||
FNMA certificates | 17,600,875 | 858,903 | — | 18,459,778 | ||||||||||||||||
GNMA certificates | 50,914,071 | 700,339 | (2,699 | ) | 51,611,711 | |||||||||||||||
SBA loan pools | 1,098,701 | 5,631 | — | 1,104,332 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 167,475,820 | $ | 4,370,566 | $ | (305,164 | ) | $ | 171,541,222 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Schedule of securities with unrealized losses segregated by length of impairment | ' | |||||||||||||||||||
December 31, 2013 | ||||||||||||||||||||
Less than 12Â months | 12 Months or More | Total | ||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||
U.S. government agency | $ | 39,324,082 | $ | 2,107,099 | $ | 1,411,050 | $ | 99,876 | $ | 40,735,132 | $ | 2,206,975 | ||||||||
Municipal securities | 30,367,222 | 1,654,439 | 9,190,578 | 870,759 | 39,557,800 | 2,525,198 | ||||||||||||||
Mortgage backed securities | ||||||||||||||||||||
FHLMC certificates | 2,827,273 | 84,819 | — | — | 2,827,273 | 84,819 | ||||||||||||||
FNMA certificates | 13,596,358 | 513,728 | — | — | 13,596,358 | 513,728 | ||||||||||||||
GNMA certificates | 25,094,656 | 858,339 | 4,823,932 | 226,557 | 29,918,588 | 1,084,896 | ||||||||||||||
SBA loan pools | 7,087,828 | 251,224 | — | — | 7,087,828 | 251,224 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 118,297,419 | $ | 5,469,648 | $ | 15,425,560 | $ | 1,197,192 | $ | 133,722,979 | $ | 6,666,840 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
December 31,2012 | ||||||||||||||||||||
Less than 12Â months | 12 Months | Total | ||||||||||||||||||
or More | ||||||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||||
value | losses | value | losses | value | losses | |||||||||||||||
U.S. government agency | $ | 4,498,200 | $ | 27,505 | $ | — | $ | — | $ | 4,498,200 | $ | 27,505 | ||||||||
Municipal securities | 13,470,047 | 270,102 | — | — | 13,470,047 | 270,102 | ||||||||||||||
Mortgage backed securities | ||||||||||||||||||||
FHLMC certificates | 1,340,171 | 4,858 | — | — | 1,340,171 | 4,858 | ||||||||||||||
FNMA certificates | — | — | — | — | — | — | ||||||||||||||
GNMA certificates | 1,456,840 | 2,699 | — | — | 1,456,840 | 2,699 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 20,765,258 | $ | 305,164 | $ | — | $ | — | $ | 20,765,258 | $ | 305,164 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of contractual maturities and pledged securities | ' | |||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
December 31, | Amortized | Fair | Amortized | Fair | ||||||||||||||||
cost | value | cost | value | |||||||||||||||||
Maturing | ||||||||||||||||||||
Within one year | $ | 1,249,831 | $ | 1,249,988 | $ | 1,524,056 | $ | 1,527,846 | ||||||||||||
Over one to five years | 10,547,434 | 10,411,815 | 14,230,204 | 14,348,906 | ||||||||||||||||
Over five to ten years | 46,455,999 | 44,572,445 | 29,888,753 | 30,476,885 | ||||||||||||||||
Over ten years | 119,616,960 | 115,935,528 | 121,832,807 | 125,187,585 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
$ | 177,870,224 | $ | 172,169,776 | $ | 167,475,820 | $ | 171,541,222 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Pledged securities | $ | 42,020,023 | $ | 41,289,389 | $ | 34,312,950 | $ | 35,085,026 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Loans_and_Allowance_for_Loan_L1
Loans and Allowance for Loan Losses (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Loans and Allowance for Loan Losses | ' | |||||||||||||||||||
Summary of major classifications of loans | ' | |||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||
Legacy(1) | Acquired | Total | Legacy(1) | Acquired | Total | |||||||||||||||
Commercial Real Estate | ||||||||||||||||||||
Owner Occupied | $ | 163,105,356 | $ | 30,102,731 | $ | 193,208,087 | $ | 143,659,006 | $ | 35,918,995 | $ | 179,578,001 | ||||||||
Investment | 162,188,671 | 54,091,676 | 216,280,347 | 86,718,482 | 25,856,159 | 112,574,641 | ||||||||||||||
Hospitality | 67,291,387 | 8,546,239 | 75,837,626 | 61,278,653 | — | 61,278,653 | ||||||||||||||
Land and A&D | 40,595,806 | 8,399,178 | 48,994,984 | 22,633,751 | 3,328,394 | 25,962,145 | ||||||||||||||
Residential Real Estate | ||||||||||||||||||||
First Lien—Investment | 45,294,434 | 28,364,096 | 73,658,530 | 27,872,303 | 17,752,952 | 45,625,255 | ||||||||||||||
First Lien—Owner Occupied | 13,909,939 | 62,247,502 | 76,157,441 | 6,794,384 | 29,298,823 | 36,093,207 | ||||||||||||||
Residential Land and A&D | 19,845,291 | 13,724,942 | 33,570,233 | 20,191,960 | 7,802,094 | 27,994,054 | ||||||||||||||
HELOC and Jr. Liens | 18,302,560 | 3,359,063 | 21,661,623 | 16,405,433 | 3,263,189 | 19,668,622 | ||||||||||||||
Commercial and Industrial | 89,629,043 | 11,161,347 | 100,790,390 | 69,746,472 | 8,490,785 | 78,237,257 | ||||||||||||||
Consumer | 10,127,525 | 870,843 | 10,998,368 | 9,944,466 | 1,059,991 | 11,004,457 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
630,290,012 | 220,867,617 | 851,157,629 | 465,244,910 | 132,771,382 | 598,016,292 | |||||||||||||||
Allowance for loan losses | (4,397,552 | ) | (531,661 | ) | (4,929,213 | ) | (3,648,723 | ) | (316,624 | ) | (3,965,347 | ) | ||||||||
Deferred loan costs, net | 1,021,167 | (993 | ) | 1,020,174 | 1,093,983 | — | 1,093,983 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 626,913,627 | $ | 220,334,963 | $ | 847,248,590 | $ | 462,690,170 | $ | 132,454,758 | $ | 595,144,928 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
-1 | ||||||||||||||||||||
As a result of the acquisitions of Maryland Bankcorp, Inc. (Maryland Bankcorp), the parent company of Maryland Bank & Trust Company, N.A. (MB&T), in April 2011 and of WSB Holdings, the parent company of WSB, in May 2013, we have segmented the portfolio into two components, loans originated by the Bank (legacy) and loans acquired from MB&T and WSB (acquired). | ||||||||||||||||||||
Summary of aging analysis of the loan held for investment portfolio | ' | |||||||||||||||||||
Age Analysis of Past Due Loans | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||
Legacy | Acquired | Total | Legacy | Acquired | Total | |||||||||||||||
Current | $ | 620,559,847 | $ | 214,086,692 | $ | 834,646,539 | $ | 461,628,288 | $ | 128,070,641 | $ | 589,698,929 | ||||||||
Accruing past due loans: | ||||||||||||||||||||
30 - 89Â days past due | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 828,388 | 54,035 | 882,423 | 830,349 | — | 830,349 | ||||||||||||||
Investment | — | 534,694 | 534,694 | — | — | — | ||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 521,405 | 845,018 | 1,366,423 | 531,521 | 250,000 | 781,521 | ||||||||||||||
First-Owner Occupied | — | 2,584,408 | 2,584,408 | — | 260,251 | 260,251 | ||||||||||||||
Land and A&D | — | 35,162 | 35,162 | — | — | — | ||||||||||||||
HELOC and Jr. Liens | — | — | — | — | 48,921 | 48,921 | ||||||||||||||
Commercial | 224,322 | 396,215 | 620,537 | 436,868 | 36,923 | 473,791 | ||||||||||||||
Consumer | — | 14,108 | 14,108 | — | 6,283 | 6,283 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total 30 - 89Â days past due | 1,574,115 | 4,463,640 | 6,037,755 | 1,798,738 | 602,378 | 2,401,116 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
90 or more days past due | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | — | 309,767 | 309,767 | — | — | — | ||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | — | — | — | — | — | — | ||||||||||||||
First-Owner Occupied | — | 429,144 | 429,144 | — | — | — | ||||||||||||||
Land and A&D | — | 915,649 | 915,649 | — | — | — | ||||||||||||||
Consumer | — | — | — | — | 6,410 | 6,410 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total 90 or more days past due | — | 1,654,560 | 1,654,560 | — | 6,410 | 6,410 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total accruing past due loans | 1,574,115 | 6,118,200 | 7,692,315 | 1,798,738 | 608,788 | 2,407,526 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Recorded Investment Non-accruing loans: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,849,685 | — | 1,849,685 | — | 771,190 | 771,190 | ||||||||||||||
Investment | — | 376,050 | 376,050 | — | — | — | ||||||||||||||
Hospitality | 4,473,345 | — | 4,473,345 | — | — | — | ||||||||||||||
Land and A&D | — | — | — | 351,276 | 200,000 | 551,276 | ||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 123,183 | — | 123,183 | 138,708 | 925,696 | 1,064,404 | ||||||||||||||
First-Owner Occupied | 925,814 | 156,143 | 1,081,957 | 453,165 | 1,818,051 | 2,271,216 | ||||||||||||||
Land and A&D | — | 130,532 | 130,532 | — | 341,624 | 341,624 | ||||||||||||||
Commercial | 769,597 | — | 769,597 | 874,735 | 35,392 | 910,127 | ||||||||||||||
Consumer | 14,426 | — | 14,426 | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Recorded Investment | ||||||||||||||||||||
Non-accruing past due loans: | 8,156,050 | 662,725 | 8,818,775 | 1,817,884 | 4,091,953 | 5,909,837 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Loans | $ | 630,290,012 | $ | 220,867,617 | $ | 851,157,629 | $ | 465,244,910 | $ | 132,771,382 | $ | 598,016,292 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Summary of impaired loans | ' | |||||||||||||||||||
Impaired Loans Twelve months ended December 31, 2013 | ||||||||||||||||||||
Unpaid | Recorded | Related | Average | Interest | ||||||||||||||||
Principal | Investment | Allowance | Recorded | Income | ||||||||||||||||
Balance | Investment | Recognized | ||||||||||||||||||
Legacy | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | $ | 1,849,685 | $ | 1,849,685 | $ | — | $ | 1,855,418 | $ | 70,711 | ||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 123,183 | 123,183 | — | 129,105 | — | |||||||||||||||
Commercial | 2,136,376 | 2,136,376 | — | 2,235,110 | 90,917 | |||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 274,516 | 274,516 | 137,258 | 282,630 | 18,177 | |||||||||||||||
Investment | 1,363,821 | 1,363,821 | 136,382 | 1,385,973 | 63,855 | |||||||||||||||
Hospitality | 4,473,345 | 4,473,345 | 1,250,000 | 4,491,435 | 105,772 | |||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 925,814 | 925,814 | 167,450 | 931,492 | 16,664 | |||||||||||||||
Commercial | 459,439 | 459,439 | 191,753 | 510,230 | 31,018 | |||||||||||||||
Consumer | 7,390 | 7,390 | 7,390 | 7,426 | 32 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total legacy impaired | 11,613,569 | 11,613,569 | 1,890,233 | 11,828,819 | 397,146 | |||||||||||||||
Acquired(1) | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 605,314 | 579,583 | — | 590,677 | 24,821 | |||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
Land and A&D | 1,628,156 | 241,624 | — | 241,624 | — | |||||||||||||||
Commercial | 87,387 | 87,387 | — | 88,508 | 4,533 | |||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Investment | 372,047 | 376,050 | 279,037 | 376,047 | 17,509 | |||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 411,891 | 412,742 | 187,109 | 414,020 | 11,460 | |||||||||||||||
Land and A&D | 131,031 | 130,532 | 65,515 | 130,332 | 8,709 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total acquired impaired | 3,235,826 | 1,827,918 | 531,661 | 1,841,208 | 67,032 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired | $ | 14,849,395 | $ | 13,441,487 | $ | 2,421,894 | $ | 13,670,027 | $ | 464,178 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
-1 | ||||||||||||||||||||
Generally accepted accounting principles require that we record acquired loans at fair value at acquisition date. These loans are not performing according to their contractual terms and meet our definition of an impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we may accrete their fair value discounts to interest income as a result of pre-payments that exceeds our cash flow expectations or payment in full of amounts due even though we classify them as non-accrual. | ||||||||||||||||||||
Impaired Loans Twelve months ended December 31, 2012 | ||||||||||||||||||||
Unpaid | Recorded | Related | Average | |||||||||||||||||
Principal | Investment | Allowance | Recorded | |||||||||||||||||
Balance | Investment | |||||||||||||||||||
Legacy | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | $ | 138,708 | $ | 138,708 | $ | — | $ | 167,157 | ||||||||||||
First-Owner Occupied | 453,165 | 453,165 | — | 546,108 | ||||||||||||||||
Commercial | 874,735 | 874,735 | — | 1,199,983 | ||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Land and A&D | 350,340 | 350,340 | 100,000 | 1,270,542 | ||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 499,122 | 499,122 | 25,000 | 499,122 | ||||||||||||||||
Commercial | — | — | — | 77,976 | ||||||||||||||||
Consumer | — | — | — | 142,671 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total legacy impaired | 2,316,070 | 2,316,070 | 125,000 | 3,903,559 | ||||||||||||||||
Acquired(1) | ||||||||||||||||||||
With no related allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 3,551,362 | 1,375,517 | — | 1,678,172 | ||||||||||||||||
Land and A&D | 349,698 | 200,000 | — | 202,674 | ||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 2,316,099 | 925,696 | 1,348,140 | |||||||||||||||||
First-Owner Occupied | 1,629,095 | 456,530 | — | 620,257 | ||||||||||||||||
Land and A&D | 244,700 | 100,000 | — | 65,856 | ||||||||||||||||
Commercial | 214,697 | 126,140 | — | 172,982 | ||||||||||||||||
Consumer | — | — | — | 51,540 | ||||||||||||||||
With an allowance recorded: | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Land and A&D | 1,628,156 | 241,624 | 241,624 | 657,812 | ||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Owner Occupied | 1,620,660 | 1,361,520 | 75,000 | 543,133 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total acquired impaired | 11,554,467 | 4,787,027 | 316,624 | 5,340,566 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
Total impaired | $ | 13,870,537 | $ | 7,103,097 | $ | 441,624 | $ | 9,244,125 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||
-1 | ||||||||||||||||||||
Generally accepted accounting principles require that we record acquired loans at fair value at acquisition date. These loans are not performing according to their contractual terms and meet our definition of an impaired loan. Although we do not accrue interest income at the contractual rate on these loans, we may accrete their fair value discounts to interest income as a result of pre-payments that exceeds our cash flow expectations or payment in full of amounts due even though we classify them as non-accrual. | ||||||||||||||||||||
Summary of information related to loans modified in a TDR | ' | |||||||||||||||||||
Loans Modified as a TDR for the twelve months ended | ||||||||||||||||||||
December 31, 2013 | December 31, 2012 | |||||||||||||||||||
Troubled Debt Restructurings— | # of | Pre- | Post | # of | Pre- | Post | ||||||||||||||
(Dollars in thousands) | Contracts | Modification | Modification | Contracts | Modification | Modification | ||||||||||||||
Outstanding | Outstanding | Outstanding | Outstanding | |||||||||||||||||
Recorded | Recorded | Recorded | Recorded | |||||||||||||||||
Investment | Investment | Investment | Investment | |||||||||||||||||
Acquired | ||||||||||||||||||||
Residential Real Estate Owner Occupied | 1 | 60 | 60 | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total Troubled Debt Restructurings | 1 | $ | 60 | $ | 60 | — | $ | — | $ | — | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Summary of contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans | ' | |||||||||||||||||||
WSB Acquired Impaired Loans as of May 10, 2013 | ||||||||||||||||||||
May 10, 2013 | Contractually | Non-Accretable | Cash Flows | Accretable | Loans | |||||||||||||||
Required | Credit | Expected To Be | Yield | Receivable | ||||||||||||||||
Payments | Adjustments | Collected | ||||||||||||||||||
Receivable | ||||||||||||||||||||
Business loans risk rated 4 at acquisition | $ | — | $ | — | $ | — | $ | — | $ | — | ||||||||||
Business loans risk rated 5 at acquisition | 33,038 | 19,822 | 13,216 | 21 | 13,195 | |||||||||||||||
Business loans risk rated 6 at acquisition | 233,880 | 140,328 | 93,552 | 10,765 | 82,787 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total business loans | 266,918 | 160,150 | 106,768 | 10,786 | 95,982 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Real estate loans risk rated 4 at acquisition | 6,352,445 | 2,155,197 | 4,197,248 | 655,823 | 3,541,425 | |||||||||||||||
Real estate loans risk rated 5 at acquisition | 7,346,174 | 1,938,104 | 5,408,070 | 643,135 | 4,764,935 | |||||||||||||||
Real estate loans risk rated 6 at acquisition | 19,385,909 | 8,261,491 | 11,124,418 | 1,497,052 | 9,627,366 | |||||||||||||||
Real estate loans risk rated 7 at acquisition | 424,784 | 157,367 | 267,417 | (60,149 | ) | 327,566 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total real estate loans | 33,509,312 | 12,512,159 | 20,997,153 | 2,735,861 | 18,261,292 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired loans acquired | $ | 33,776,230 | $ | 12,672,309 | $ | 21,103,921 | $ | 2,746,647 | $ | 18,357,274 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
        Acquired Impaired Loans at December 31, 2013 | ||||||||||||||||||||
December 31, 2013 | Contractually | Non-Accretable | Cash Flows | Accretable | Loans | |||||||||||||||
Required | Credit | Expected To Be | Yield | Receivable | ||||||||||||||||
Payments | Adjustments | Collected | ||||||||||||||||||
Receivable | ||||||||||||||||||||
Business loans risk rated 4 at acquisition | $ | 77,914 | $ | 5,104 | $ | 72,810 | $ | — | $ | 72,810 | ||||||||||
Business loans risk rated 5 at acquisition | 3,914 | 1,797 | 2,117 | — | 2,117 | |||||||||||||||
Business loans risk rated 6 at acquisition | — | — | — | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total business loans | 81,828 | 6,901 | 74,927 | — | 74,927 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Real estate loans risk rated 4 at acquisition | 3,487,315 | 457,567 | 3,029,748 | (17,431 | ) | 3,047,179 | ||||||||||||||
Real estate loans risk rated 5 at acquisition | 3,554,831 | 1,777,689 | 1,777,142 | 58,202 | 1,718,940 | |||||||||||||||
Real estate loans risk rated 6 at acquisition | 5,358,818 | 1,457,087 | 3,901,731 | — | 3,901,731 | |||||||||||||||
Real estate loans risk rated 7 at acquisition | — | — | — | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total real estate loans | 12,400,964 | 3,692,343 | 8,708,621 | 40,771 | 8,667,850 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired loans acquired | $ | 12,482,792 | $ | 3,699,244 | $ | 8,783,548 | $ | 40,771 | $ | 8,742,777 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Accretable Yield | ||||||||||||||||||||
Beginning balance December 31, 2012 | $ | — | ||||||||||||||||||
Additions due to WSB acquisition | 2,746,647 | |||||||||||||||||||
Accreted to income | (3,841,252 | ) | ||||||||||||||||||
Reclassification from non-accretable(1) | 3,823,134 | |||||||||||||||||||
Loans sold in the fourth quarter(2) | (2,687,758 | ) | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Ending balance December 31, 2013 | $ | 40,771 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
-1 | ||||||||||||||||||||
Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected. | ||||||||||||||||||||
-2 | ||||||||||||||||||||
Represents previously acquired impaired loans we pooled and sold in the fourth quarter. | ||||||||||||||||||||
Acquired Impaired Loans at December 31, 2012 | ||||||||||||||||||||
December 31, 2012 | Contractually | Non-Accretable | Cash Flows | Accretable | Loans | |||||||||||||||
Required | Credit | Expected To Be | Yield | Receivable | ||||||||||||||||
Payments | Adjustments | Collected | ||||||||||||||||||
Receivable | ||||||||||||||||||||
Business loans risk rated 4 at acquisition | $ | 1,371,081 | $ | 205,662 | $ | 1,165,419 | $ | — | $ | 1,165,419 | ||||||||||
Business loans risk rated 5 at acquisition | 50,153 | 42,882 | 7,271 | — | 7,271 | |||||||||||||||
Business loans risk rated 6 at acquisition | 87,422 | 52,030 | 35,392 | — | 35,392 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total business loans | 1,508,656 | 300,574 | 1,208,082 | — | 1,208,082 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Real estate loans risk rated 4 at acquisition | 3,526,864 | 482,256 | 3,044,608 | — | 3,044,608 | |||||||||||||||
Real estate loans risk rated 5 at acquisition | 3,474,335 | 1,706,877 | 1,767,458 | — | 1,767,458 | |||||||||||||||
Real estate loans risk rated 6 at acquisition | 16,420,887 | 9,077,153 | 7,343,734 | — | 7,343,734 | |||||||||||||||
Real estate loans risk rated 7 at acquisition | — | — | — | — | — | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total real estate loans | 23,422,086 | 11,266,286 | 12,155,800 | — | 12,155,800 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total impaired loans acquired | $ | 24,930,742 | $ | 11,566,860 | $ | 13,363,882 | $ | — | $ | 13,363,882 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Accretable Yield | ||||||||||||||||||||
Beginning balance December 31, 2011 | $ | — | ||||||||||||||||||
Accreted to income | 3,343,955 | |||||||||||||||||||
Reclassification from non-accretable(1) | (3,343,955 | ) | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Ending balance December 31, 2012 | $ | — | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
-1 | ||||||||||||||||||||
Represents amounts paid in full on loans, payments on loans with zero balances and an increase in cash flows expected to be collected. | ||||||||||||||||||||
Schedule of allocation of allowance for loan losses by risk rating | ' | |||||||||||||||||||
Account Balance | ||||||||||||||||||||
December 31, 2013 | Legacy | Acquired | Total | |||||||||||||||||
Risk Rating | ||||||||||||||||||||
Pass(1 - 5) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | $ | 159,945,564 | $ | 27,089,317 | $ | 187,034,881 | ||||||||||||||
Investment | 159,392,609 | 51,664,220 | 211,056,829 | |||||||||||||||||
Hospitality | 62,818,042 | 8,546,240 | 71,364,282 | |||||||||||||||||
Land and A&D | 37,383,344 | 8,148,372 | 45,531,716 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 44,064,312 | 27,103,460 | 71,167,772 | |||||||||||||||||
First-Owner Occupied | 12,896,971 | 60,399,843 | 73,296,814 | |||||||||||||||||
Land and A&D | 17,778,528 | 12,678,761 | 30,457,289 | |||||||||||||||||
HELOC and Jr. Liens | 18,302,559 | 3,359,063 | 21,661,622 | |||||||||||||||||
Commercial | 85,415,692 | 9,529,078 | 94,944,770 | |||||||||||||||||
Consumer | 10,113,098 | 870,843 | 10,983,941 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
608,110,719 | 209,389,197 | 817,499,916 | ||||||||||||||||||
Special Mention(6) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,310,107 | 2,128,647 | 3,438,754 | |||||||||||||||||
Investment | 1,432,243 | 835,918 | 2,268,161 | |||||||||||||||||
Hospitality | — | — | — | |||||||||||||||||
Land and A&D | 3,212,463 | 250,806 | 3,463,269 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 1,106,938 | 733,107 | 1,840,045 | |||||||||||||||||
First-Owner Occupied | 87,154 | 762,920 | 850,074 | |||||||||||||||||
Land and A&D | 2,066,763 | — | 2,066,763 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 1,841,859 | 646,700 | 2,488,559 | |||||||||||||||||
Consumer | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
11,057,527 | 5,358,098 | 16,415,625 | ||||||||||||||||||
Substandard(7) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,849,685 | 884,767 | 2,734,452 | |||||||||||||||||
Investment | 1,363,821 | 1,591,538 | 2,955,359 | |||||||||||||||||
Hospitality | 4,473,345 | — | 4,473,345 | |||||||||||||||||
Land and A&D | — | — | — | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 123,183 | 527,528 | 650,711 | |||||||||||||||||
First-Owner Occupied | 925,812 | 1,084,740 | 2,010,552 | |||||||||||||||||
Land and A&D | — | 1,046,181 | 1,046,181 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 2,371,493 | 985,568 | 3,357,061 | |||||||||||||||||
Consumer | 14,427 | — | 14,427 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
11,121,766 | 6,120,322 | 17,242,088 | ||||||||||||||||||
Doubtful(8) | — | — | — | |||||||||||||||||
Loss(9) | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 630,290,012 | $ | 220,867,617 | $ | 851,157,629 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Account Balance | ||||||||||||||||||||
December 31, 2012 | Legacy | Acquired | Total | |||||||||||||||||
Risk Rating | ||||||||||||||||||||
Pass(1 - 5) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | $ | 142,283,571 | $ | 33,972,805 | $ | 176,256,376 | ||||||||||||||
Investment | 83,869,949 | 25,196,743 | 109,066,692 | |||||||||||||||||
Hospitality | 56,746,375 | — | 56,746,375 | |||||||||||||||||
Land and A&D | 18,971,474 | 2,628,394 | 21,599,868 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 26,770,315 | 14,938,525 | 41,708,840 | |||||||||||||||||
First-Owner Occupied | 5,842,098 | 26,199,807 | 32,041,905 | |||||||||||||||||
Land and A&D | 18,976,502 | 6,526,483 | 25,502,985 | |||||||||||||||||
HELOC and Jr. Liens | 16,405,433 | 3,263,189 | 19,668,622 | |||||||||||||||||
Commercial | 65,763,830 | 7,438,290 | 73,202,120 | |||||||||||||||||
Consumer | 9,937,570 | 1,059,219 | 10,996,789 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
445,567,117 | 121,223,455 | 566,790,572 | ||||||||||||||||||
Special Mention(6) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | 1,375,435 | — | 1,375,435 | |||||||||||||||||
Investment | 1,446,504 | 702,688 | 2,149,192 | |||||||||||||||||
Hospitality | 4,532,278 | — | 4,532,278 | |||||||||||||||||
Land and A&D | 3,311,001 | — | 3,311,001 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 963,280 | 1,630,954 | 2,594,234 | |||||||||||||||||
First-Owner Occupied | — | 667,693 | 667,693 | |||||||||||||||||
Land and A&D | 1,215,458 | 683,987 | 1,899,445 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 1,338,360 | 7,271 | 1,345,631 | |||||||||||||||||
Consumer | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
14,182,316 | 3,692,593 | 17,874,909 | ||||||||||||||||||
Substandard(7) | ||||||||||||||||||||
Commercial Real Estate: | ||||||||||||||||||||
Owner Occupied | — | 1,946,190 | 1,946,190 | |||||||||||||||||
Investment | 1,408,925 | — | 1,408,925 | |||||||||||||||||
Hospitality | — | — | — | |||||||||||||||||
Land and A&D | 351,276 | 700,000 | 1,051,276 | |||||||||||||||||
Residential Real Estate: | ||||||||||||||||||||
First-Investment | 138,708 | 1,183,473 | 1,322,181 | |||||||||||||||||
First-Owner Occupied | 952,287 | 2,388,823 | 3,341,110 | |||||||||||||||||
Land and A&D | — | 591,624 | 591,624 | |||||||||||||||||
HELOC and Jr. Liens | — | — | — | |||||||||||||||||
Commercial | 2,644,281 | 1,045,224 | 3,689,505 | |||||||||||||||||
Consumer | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
5,495,477 | 7,855,334 | 13,350,811 | ||||||||||||||||||
Doubtful(8) | — | — | — | |||||||||||||||||
Loss(9) | — | — | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Total | $ | 465,244,910 | $ | 132,771,382 | $ | 598,016,292 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||||||||
Summary of activity in the allowance for loan losses by portfolio segment | ' | |||||||||||||||||||
December 31, 2013 | Commercial | Commercial | Residential | Consumer | Total | |||||||||||||||
Real Estate | Real Estate | |||||||||||||||||||
Beginning balance | 3,965,347 | |||||||||||||||||||
General provision for loan losses | 1,289,153 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Provision balance transferred | $ | 597,739 | $ | 3,359,989 | $ | 1,260,579 | $ | 36,193 | $ | 5,254,500 | ||||||||||
Provision for loan losses for loans acquired with deteriorated credit quality | — | 279,037 | (64,000 | ) | — | 215,037 | ||||||||||||||
Recoveries | 141 | 32,964 | 169,469 | 77,066 | 279,640 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
597,880 | 3,671,990 | 1,366,048 | 113,259 | 5,749,177 | ||||||||||||||||
Loans charged off | (102,829 | ) | (102,595 | ) | (524,814 | ) | (89,726 | ) | (819,964 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance | $ | 495,051 | $ | 3,569,395 | $ | 841,234 | $ | 23,533 | $ | 4,929,213 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Amount allocated to: | ||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||
Individually evaluated for impairment | $ | 191,753 | $ | 1,523,640 | $ | 167,450 | $ | 7,390 | $ | 1,890,233 | ||||||||||
Other loans not individually evaluated | 303,298 | 1,766,718 | 421,160 | 16,143 | 2,507,319 | |||||||||||||||
Acquired Loans: | ||||||||||||||||||||
Individually evaluated for impairment | — | 279,037 | 252,624 | — | 531,661 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 495,051 | $ | 3,569,395 | $ | 841,234 | $ | 23,533 | $ | 4,929,213 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
December 31, 2012 | Real Estate | Commercial | Boats | Other | Total | |||||||||||||||
Consumer | ||||||||||||||||||||
Beginning balance | $ | 2,123,068 | $ | 922,310 | $ | 565,240 | $ | 130,653 | $ | 3,741,271 | ||||||||||
Provision for loan losses for loans | 1,056,287 | (181,118 | ) | (224,359 | ) | 40,007 | 690,817 | |||||||||||||
Provision for loan losses for loans acquired with deteriorated credit quality | 584,928 | 249,255 | — | — | 834,183 | |||||||||||||||
Recoveries | 32,636 | 82,260 | — | 107,260 | 222,156 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
3,796,919 | 1,072,707 | 340,881 | 277,920 | 5,488,427 | ||||||||||||||||
Loans charged off | (970,335 | ) | (316,753 | ) | (91,953 | ) | (144,039 | ) | (1,523,080 | ) | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending Balance | $ | 2,826,584 | $ | 755,954 | $ | 248,928 | $ | 133,881 | $ | 3,965,347 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Amount allocated to: | ||||||||||||||||||||
Legacy Loans: | ||||||||||||||||||||
Individually evaluated for impairment | $ | 125,000 | $ | — | $ | — | $ | — | $ | 125,000 | ||||||||||
Other loans not individually evaluated | 2,384,960 | 755,954 | 248,928 | 133,881 | 3,523,723 | |||||||||||||||
Acquired Loans: | ||||||||||||||||||||
Individually evaluated for impairment | 316,624 | — | — | — | 316,624 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 2,826,584 | $ | 755,954 | $ | 248,928 | $ | 133,881 | $ | 3,965,347 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Summary of recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | |||||||||||||||||||
December 31, 2013 | Commercial | Commercial | Residential | Consumer | Total | |||||||||||||||
Real Estate | Real Estate | |||||||||||||||||||
Legacy loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve | $ | 459,439 | $ | 6,111,682 | $ | 925,814 | $ | 7,390 | $ | 7,504,325 | ||||||||||
Individually evaluated for impairment without specific reserve | 2,136,376 | 1,849,685 | 123,183 | — | 4,109,244 | |||||||||||||||
Other loans not individually evaluated | 87,033,228 | 425,219,853 | 96,303,227 | 10,120,135 | 618,676,443 | |||||||||||||||
Acquired loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) | — | 376,050 | 543,274 | — | 919,324 | |||||||||||||||
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) | 87,387 | 579,583 | — | — | 666,970 | |||||||||||||||
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition) | — | — | 241,624 | — | 241,624 | |||||||||||||||
Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) | 11,073,960 | 100,184,191 | 106,910,705 | 870,843 | 219,039,699 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 100,790,390 | $ | 534,321,044 | $ | 205,047,827 | $ | 10,998,368 | $ | 851,157,629 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
December 31, 2012 | Commercial | Commercial | Residential | Consumer | Total | |||||||||||||||
Real Estate | Real Estate | |||||||||||||||||||
Legacy loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve | $ | — | $ | 351,276 | $ | 498,186 | $ | — | $ | 849,462 | ||||||||||
Individually evaluated for impairment without specific reserve | 2,644,280 | 1,408,925 | 591,873 | — | 4,645,078 | |||||||||||||||
Other loans not individually evaluated | 67,102,192 | 312,529,691 | 70,174,021 | 9,944,466 | 459,750,370 | |||||||||||||||
Acquired loans: | ||||||||||||||||||||
Individually evaluated for impairment with specific reserve subsequent to acquisition (ASC 310-20 at acquisition) | — | — | 1,603,144 | — | 1,603,144 | |||||||||||||||
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition) | — | — | — | — | — | |||||||||||||||
Collectively evaluated for impairment without reserve (ASC 310-20 at acquisition) | 8,490,785 | 65,103,548 | 56,513,914 | 1,059,991 | 131,168,238 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Ending balance | $ | 78,237,257 | $ | 379,393,440 | $ | 129,381,138 | $ | 11,004,457 | $ | 598,016,292 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of maturity and rate repricing distribution of the loan portfolio | ' | |||||||||||||||||||
December 31, | 2013 | 2012 | ||||||||||||||||||
Within one year | $ | 251,460,974 | $ | 194,007,785 | ||||||||||||||||
Over one to five years | 342,132,684 | 318,094,237 | ||||||||||||||||||
Over five years | 257,563,971 | 85,914,270 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | 851,157,629 | $ | 598,016,292 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Equity_Securities_Tables
Equity Securities (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Equity Securities | ' | |||||||
Schedule of equity securities | ' | |||||||
December 31, | 2013 | 2012 | ||||||
Federal Reserve Bank stock | $ | 2,919,700 | $ | 1,553,250 | ||||
Atlantic Central Bankers Bank stock | 189,500 | 119,500 | ||||||
Federal Home Loan Bank stock | 1,994,200 | 1,520,400 | ||||||
SLMA stock | 413,910 | 269,798 | ||||||
Maryland Financial Bank stock | 152,497 | 152,496 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 5,669,807 | $ | 3,615,444 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Pointer_Ridge_Office_Investmen1
Pointer Ridge Office Investment, LLC (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Pointer Ridge Office Investment, LLC | ' | ||||||||||
Summary of condensed Balance Sheets and Statements of Income information | ' | ||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Condensed Balance Sheets | |||||||||||
Current assets | $ | 286,206 | $ | 313,165 | |||||||
Non-current assets | 6,622,560 | 6,938,990 | |||||||||
Liabilities | 6,108,972 | 6,208,029 | |||||||||
Equity | 799,794 | 1,044,126 | |||||||||
Condensed Statements of Income | |||||||||||
Revenue | $ | 909,312 | $ | 842,230 | $ | 765,044 | |||||
Expenses | 1,153,644 | 1,015,897 | 1,160,562 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net loss | $ | (244,332 | ) | $ | (173,667 | ) | $ | (395,518 | ) | ||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Premises_and_Equipment_Tables
Premises and Equipment (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Premises and Equipment | ' | |||||||
Summary of premises and equipment and the related depreciation expense | ' | |||||||
December 31, | 2013 | 2012 | ||||||
Land | $ | 5,499,237 | $ | 4,460,943 | ||||
Building | 26,910,046 | 16,158,842 | ||||||
Leasehold improvements | 4,638,258 | 5,494,997 | ||||||
Furniture and equipment | 5,497,971 | 4,616,397 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
42,545,512 | 30,731,179 | |||||||
Accumulated depreciation | 7,329,644 | 5,598,166 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net premises and equipment | $ | 35,215,868 | $ | 25,133,013 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Depreciation expense | $ | 1,775,547 | $ | 1,374,866 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Deposits_Tables
Deposits (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Deposits | ' | ||||||||||
Schedule of major classifications of interest bearing deposits | ' | ||||||||||
December 31, | 2013 | 2012 | |||||||||
Money market and NOW | $ | 294,049,868 | $ | 171,477,751 | |||||||
Savings | 85,142,831 | 64,312,830 | |||||||||
Other time deposits-$100,000 and over | 189,825,021 | 189,590,952 | |||||||||
Other time deposits | 176,608,142 | 121,181,022 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 745,625,862 | $ | 546,562,555 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of maturities of time deposit | ' | ||||||||||
December 31, | 2013 | 2012 | |||||||||
Within three months | $ | 66,727,567 | $ | 76,827,590 | |||||||
Over three to twelve months | 148,921,752 | 150,721,575 | |||||||||
Over one to three years | 118,135,060 | 66,549,304 | |||||||||
Over three to five years | 32,648,784 | 16,673,505 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 366,433,163 | $ | 310,771,974 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of interest on deposit | ' | ||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Money market and NOW | $ | 614,402 | $ | 549,234 | $ | 615,337 | |||||
Savings | 137,293 | 193,036 | 154,573 | ||||||||
Other time deposits—$100,000 and over | 1,311,454 | 1,758,131 | 1,898,868 | ||||||||
Other time deposits | 1,652,895 | 1,734,706 | 1,720,916 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,716,044 | $ | 4,235,107 | $ | 4,389,694 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Short_Term_Borrowings_Tables
Short Term Borrowings (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Short Term Borrowings | ' | |||||||||||||||||||
Schedule of short term borrowings | ' | |||||||||||||||||||
2013 | 2012 | |||||||||||||||||||
December 31, | Amount | Rate | Maximum Amount | Amount | Rate | Maximum Amount | ||||||||||||||
Borrowed During | Borrowed During | |||||||||||||||||||
Any Month End | Any Month End | |||||||||||||||||||
Period | Period | |||||||||||||||||||
Short term promissory notes | $ | 7,773,704 | 0.15 | % | $ | 7,773,704 | $ | 6,332,804 | 0.15 | % | $ | 9,652,162 | ||||||||
Repurchase agreements | 29,756,421 | 0.1 | 31,784,710 | 24,572,663 | 0.1 | 28,167,472 | ||||||||||||||
Over night advance | 12,000,000 | 0.35 | 21,750,000 | 7,000,000 | 0.35 | 7,000,000 | ||||||||||||||
FHLB advance due Dec. 2012 | — | — | — | — | — | 5,000,000 | ||||||||||||||
FHLB advance due Dec. 2012 | — | — | — | — | — | 5,000,000 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total short term borrowings | $ | 49,530,125 | $ | 61,308,414 | $ | 37,905,467 | $ | 54,819,634 | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Average for the year | ||||||||||||||||||||
Short term promissory notes | $ | 6,435,181 | 0.15 | % | $ | 7,877,649 | 0.17 | |||||||||||||
Repurchase agreements | 25,940,598 | 0.1 | 23,704,406 | 0.44 | ||||||||||||||||
FHLB overnight advance | 5,531,381 | 0.37 | 19,126 | 0.39 | ||||||||||||||||
FHLB advances | — | — | 9,663,924 | 3.12 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 37,907,160 | $ | 41,265,105 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Long_Term_Borrowings_Tables
Long Term Borrowings (Tables) | 12 Months Ended | |||||||||||||
Dec. 31, 2013 | ||||||||||||||
Long Term Borrowings | ' | |||||||||||||
Schedule of long term borrowings | ' | |||||||||||||
2013 | 2012 | |||||||||||||
December 31, | Amount | Rate | Amount | Rate | ||||||||||
Amount outstanding at year end | ||||||||||||||
Senior note | $ | 6,093,074 | 6.28 | % | $ | 6,192,350 | 6.28 | % | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 6,093,074 | $ | 6,192,350 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Average for the year | ||||||||||||||
Senior note, fixed at 6.28% | $ | 6,139,058 | 6.28 | % | $ | 6,235,309 | 6.28 | % | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 6,139,058 | $ | 6,235,309 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of principal payments on long term debt obligations | ' | |||||||||||||
Year | Amount | |||||||||||||
2014 | $ | 105,843 | ||||||||||||
2015 | 112,782 | |||||||||||||
2016 | 5,874,449 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
$ | 6,093,074 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Related Party Transactions | ' | |||||||
Schedule of changes in amounts of loans outstanding to directors and executive officers or their affiliated companies | ' | |||||||
December 31, | 2013 | 2012 | ||||||
Balance at beginning of year | $ | 1,236,329 | $ | 1,833,294 | ||||
Additions | 4,325,954 | 672,561 | ||||||
Repayments | (817,918 | ) | (1,269,526 | ) | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Balance at end of year | $ | 4,744,365 | $ | 1,236,329 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Income Taxes | ' | ||||||||||
Schedule of components of income tax expense | ' | ||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Current | |||||||||||
Federal | $ | 2,147,375 | $ | 1,815,517 | $ | 1,797,275 | |||||
State | 713,723 | 603,376 | 641,007 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
2,861,098 | 2,418,893 | 2,438,282 | |||||||||
Deferred | |||||||||||
Federal | 740,985 | 301,553 | (511,658 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 3,602,083 | $ | 2,720,446 | $ | 1,926,624 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of components of deferred income taxes | ' | ||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Provision for loan losses | $ | (555,836 | ) | $ | (175,245 | ) | $ | (531,583 | ) | ||
Non-accrual interest | (122,216 | ) | (112,470 | ) | (194,030 | ) | |||||
Impairment losses and expenses on other real estate owned | 1,035,745 | 22,592 | 190,619 | ||||||||
Director stock options | 37,074 | (13,605 | ) | (15,247 | ) | ||||||
Deferred compensation plans | (116,672 | ) | (100,634 | ) | 4,450 | ||||||
Deferred loan origination costs, net | 126,019 | 138,741 | 97,363 | ||||||||
Depreciation | (4,948 | ) | 101,583 | 421,006 | |||||||
Mark-to-market tax accounting for acquired securities | 186,939 | (60,282 | ) | (818,015 | ) | ||||||
Net operating loss carryover | 682,887 | 307,597 | 255,117 | ||||||||
Accretion of fair value adjustments for acquired assets and liabilities | — | 1,383,679 | 869,554 | ||||||||
Investment impairment loss | — | — | (48,320 | ) | |||||||
Non-compete and consulting agreements | (36,815 | ) | (36,815 | ) | 54,237 | ||||||
Core deposit intangible amortization | (330,822 | ) | (286,932 | ) | (230,368 | ) | |||||
Defined benefit plan | (85,784 | ) | (320,717 | ) | (65,041 | ) | |||||
Other | (74,586 | ) | — | (1,400 | ) | ||||||
Reduction of valuation allowance | — | (545,939 | ) | (500,000 | ) | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 740,985 | $ | 301,553 | $ | (511,658 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of components of net deferred tax assets and liabilities | ' | ||||||||||
December 31, | 2013 | 2012 | |||||||||
Deferred tax assets | |||||||||||
Allowance for loan losses | $ | 1,710,004 | $ | 1,154,307 | |||||||
Non-accrual interest | 1,762,289 | 776,633 | |||||||||
Impairment losses and expenses on other real estate owned | 3,669,035 | 2,131,510 | |||||||||
Director stock options | 38,813 | 59,415 | |||||||||
Deferred compensation plans | 1,849,599 | 1,732,927 | |||||||||
Net operating loss carryover | 4,922,954 | 1,098,769 | |||||||||
Fair value adjustments for acquired assets and liabilities | 10,167,762 | 4,456,480 | |||||||||
Investment impairment loss | 48,320 | 48,320 | |||||||||
Non-compete agreements | 101,242 | 64,427 | |||||||||
Deferred loan origination costs, net | 23,061 | — | |||||||||
Other | 225,205 | — | |||||||||
Net unrealized loss on securities available for sale | 2,477,598 | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 26,995,882 | $ | 11,522,788 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Deferred tax liabilities | |||||||||||
Deferred loan origination costs, net | — | 546,554 | |||||||||
Depreciation | 3,042,151 | 1,406,527 | |||||||||
Core deposit intangible amortization | 2,085,655 | 1,456,101 | |||||||||
Defined benefit plan | — | 85,784 | |||||||||
Net unrealized gain on securities available for sale | — | 888,277 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
5,127,806 | 4,383,243 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax asset before valuation allowance | 21,868,076 | 7,139,545 | |||||||||
Valuation allowance for deferred tax asset | — | — | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Net deferred tax asset | $ | 21,868,076 | $ | 7,139,545 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of reconciliation of the differences between the federal income tax rate and effective tax rate | ' | ||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Statutory federal income tax rate | 34 | % | 34 | % | 34 | % | |||||
Increase (decrease) resulting from State income taxes, net of federal income tax benefit | 4.9 | 4.9 | 5.1 | ||||||||
Bank owned life insurance | (2.1 | ) | (1.4 | ) | (2.9 | ) | |||||
Other tax exempt income | (8.1 | ) | (7.3 | ) | (4.4 | ) | |||||
Stock based compensation awards | 0.4 | 0.4 | 0.4 | ||||||||
Other non-deductible expenses | 2.7 | 1.3 | 1 | ||||||||
Reduction of valuation allowance for deferred tax asset | — | (5.4 | ) | (7.0 | ) | ||||||
Net income attributable to the non-controlling interest | — | 0.2 | 0.7 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Effective tax rate | 31.8 | % | 26.7 | % | 26.9 | % | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Employee_Benefits_Tables
Employee Benefits (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Employee Benefits | ' | |||||||||||||||||||
Schedule of net period pension cost (income) for the Pension Plan | ' | |||||||||||||||||||
Years Ended December 31, | 2012 | 2011 | ||||||||||||||||||
Interest cost | $ | 811,879 | $ | 164,889 | ||||||||||||||||
Settlement cost | 22,339 | 27,023 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Net periodic pension cost | $ | 834,218 | $ | 191,912 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Schedule of financial status of the Pension Plan | ' | |||||||||||||||||||
Change in Benefit Obligations | Termination | December 31, 2011 | ||||||||||||||||||
of Plan | ||||||||||||||||||||
November 1, 2012 | ||||||||||||||||||||
Projected benefit obligation at beginning of year | $ | 1,877,678 | $ | 3,757,870 | ||||||||||||||||
Interest Cost | 811,879 | 164,889 | ||||||||||||||||||
Actual return | (50,327 | ) | — | |||||||||||||||||
Actuarial (gain) loss | (16,668 | ) | 1,734 | |||||||||||||||||
Purchase of annuity contracts | (2,116,489 | ) | — | |||||||||||||||||
Benefits paid | (506,073 | ) | (2,046,815 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Projected benefit obligation at end of year | — | 1,877,678 | ||||||||||||||||||
Change in Plan Assets | ||||||||||||||||||||
Fair value of plan assets at beginning of year | 2,908,229 | 5,002,673 | ||||||||||||||||||
Actual return on plan assets | (50,327 | ) | (47,629 | ) | ||||||||||||||||
Purchase of annuity contracts | (2,116,489 | ) | — | |||||||||||||||||
Benefits paid | (506,073 | ) | (2,046,815 | ) | ||||||||||||||||
Assets transferred to 401K | (235,340 | ) | — | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Fair value of plan assets at end of year | — | 2,908,229 | ||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Funded status at end of year | $ | — | $ | 1,030,551 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Amounts recognized in balance sheet | ||||||||||||||||||||
Non-current assets | $ | — | $ | 1,030,551 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
$ | — | $ | 1,030,551 | |||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Amounts recognized in accumulated other comprehensive income | ||||||||||||||||||||
Net (gain) loss | $ | 22,339 | $ | 49,363 | ||||||||||||||||
Settlement effect | (22,339 | ) | (27,024 | ) | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Total | $ | — | $ | 22,339 | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |||||||||||||
Schedule of weighted average assumptions used to determine net periodic pension costs and the accumulated benefits | ' | |||||||||||||||||||
December 31, 2011 | April 1, 2011 | |||||||||||||||||||
Discount rate | 5.5 | % | 6 | % | ||||||||||||||||
Long term rate of return on assets | — | % | — | % | ||||||||||||||||
Salary increases | — | % | — | % | ||||||||||||||||
Summary of the status of the outstanding options | ' | |||||||||||||||||||
2013 | 2012 | 2011 | ||||||||||||||||||
Number | Weighted | Number | Weighted | Number | Weighted | |||||||||||||||
of shares | average | of shares | average | of shares | average | |||||||||||||||
exercise | exercise | exercise | ||||||||||||||||||
price | price | price | ||||||||||||||||||
Outstanding, beginning of year | 398,958 | $ | 8.71 | 325,331 | $ | 8.65 | 310,151 | $ | 8.6 | |||||||||||
Options granted | 57,712 | 12.15 | 94,627 | 8.47 | 23,280 | 7.82 | ||||||||||||||
Options exercised | (79,148 | ) | 8.83 | (17,500 | ) | 6.55 | (8,100 | ) | 4.39 | |||||||||||
Options forfeited | (14,539 | ) | 9.7 | (3,500 | ) | 7.49 | ||||||||||||||
Options expired | — | — | — | — | — | — | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding, end of year | 362,983 | $ | 9.19 | 398,958 | $ | 8.71 | 325,331 | $ | 8.65 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Outstanding Options | Exercisable Options | |||||||||||||||||||
Exercise price | Number of | Weighted | Weighted | Number of | Weighted | |||||||||||||||
shares at | average | average | shares at | average | ||||||||||||||||
December 31, | remaining term | exercise price | December 31, | exercise price | ||||||||||||||||
2013 | in years | 2013 | ||||||||||||||||||
$6.30 - 7.50 | 66,764 | 5.33 | $ | 6.51 | 66,764 | $ | 6.51 | |||||||||||||
$7.51 - 8.75 | 107,472 | 6.92 | 7.91 | 89,803 | 7.89 | |||||||||||||||
$8.76 - 9.95 | 21,660 | 0.96 | 9.81 | 21,660 | 9.81 | |||||||||||||||
$9.96 - 13.30 | 167,087 | 4.95 | 11 | 116,100 | 10.62 | |||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
362,983 | 5.36 | $ | 9.19 | 294,327 | $ | 8.8 | ||||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of information related to options | ' | |||||||||||||||||||
Intrinsic value of vested exercisable options where the market value exceeds the exercise price | Â $ | 1,678,375 | ||||||||||||||||||
Intrinsic value of outstanding options where the market value exceeds the exercise price | Â $ | 1,928,702 | ||||||||||||||||||
Summary of fair values of the options granted and weighted-average assumptions used to calculate the fair values | ' | |||||||||||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | |||||||||||||||||
Expected dividends | 1 | % | 1 | % | 1 | % | ||||||||||||||
Risk free interest rate | 0.8 | % | 1.36 | % | 3 | % | ||||||||||||||
Expected volatility | 32.2 | % | 30.3 | % | 28.4 | % | ||||||||||||||
Weighted average volatility | 28.91 | % | 29.64 | % | 28.45 | % | ||||||||||||||
Expected life in years | 6.5 | 6.5 | 6.5 | |||||||||||||||||
Weighted average fair value of options granted | $ | 2.37 | $ | 2.47 | $ | 3 | ||||||||||||||
Vesting schedule of the unvested restricted stock awards | ' | |||||||||||||||||||
Vesting Schedule of Unvested Restricted Stock | ||||||||||||||||||||
Awards December 31, 2013 | ||||||||||||||||||||
Vesting Date | # of Restricted | |||||||||||||||||||
Shares | ||||||||||||||||||||
1/27/14 | 3,726 | |||||||||||||||||||
1/26/15 | 1,969 | |||||||||||||||||||
2/27/14 | 1,247 | |||||||||||||||||||
2/27/15 | 1,247 | |||||||||||||||||||
2/27/16 | 1,247 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Total Issued | 9,436 | |||||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
​ | ​ | ​ | ​ | ​ | ||||||||||||||||
Summary of the restricted stock awards | ' | |||||||||||||||||||
December 31, 2013 | December 31, 2012 | December 31, 2011 | ||||||||||||||||||
Number of | Weighted | Number of | Weighted | Number of | Weighted | |||||||||||||||
shares | average | shares | average | shares | average | |||||||||||||||
grant date | grant date | grant date | ||||||||||||||||||
fair value | fair value | fair value | ||||||||||||||||||
Nonvested, beginning of period | 16,210 | $ | 7.7 | 15,691 | $ | 7.41 | 17,641 | $ | 7.13 | |||||||||||
Restricted stock granted | 8,382 | 12.04 | 10,947 | 8 | 8,786 | 7.82 | ||||||||||||||
Restricted stock vested | (13,125 | ) | 8.86 | (9,908 | ) | 7.55 | (10,736 | ) | 7.29 | |||||||||||
Restricted stock forfeited | (2,031 | ) | 9.44 | (520 | ) | 8 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Nonvested, end of period | 9,436 | $ | 9.57 | 16,210 | $ | 7.7 | 15,691 | $ | 7.41 | |||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total fair value of shares vested | $ | 141,263 | $ | 74,813 | $ | 78,243 | ||||||||||||||
Intrinsic value of non-vested restricted stock awards where the market value exceeds the exercise price | $ | 136,822 | $ | 183,011 | $ | 127,097 | ||||||||||||||
Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price | $ | 190,313 | $ | 111,861 | $ | 86,962 |
Capital_Standards_Tables
Capital Standards (Tables) | 12 Months Ended | |||||||||||||||||||
Dec. 31, 2013 | ||||||||||||||||||||
Capital Standards | ' | |||||||||||||||||||
Schedule of capital ratios and the capital requirements to remain adequately and well capitalized | ' | |||||||||||||||||||
Actual | Minimum capital | To be well | ||||||||||||||||||
adequacy | capitalized | |||||||||||||||||||
December 31, 2013 | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
(Dollars in 000's) | ||||||||||||||||||||
Total capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 110,443 | 12.5 | % | $ | 70,713 | 8 | % | $ | 88,392 | 10 | % | ||||||||
Old Line Bank | $ | 104,668 | 11.9 | % | $ | 70,647 | 8 | % | $ | 88,309 | 10 | % | ||||||||
Tier 1 capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 105,681 | 12 | % | $ | 35,357 | 4 | % | $ | 53,035 | 6 | % | ||||||||
Old Line Bank | $ | 100,092 | 11.3 | % | $ | 35,324 | 4 | % | $ | 52,985 | 6 | % | ||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
Consolidated | $ | 105,681 | 9.3 | % | $ | 45,696 | 4 | % | $ | 57,120 | 5 | % | ||||||||
Old Line Bank | $ | 100,092 | 8.7 | % | $ | 45,696 | 4 | % | $ | 57,120 | 5 | % | ||||||||
December 31, 2013 | Amount | Ratio | Amount | Ratio | Amount | Ratio | ||||||||||||||
Total capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 72,031 | 11.4 | % | $ | 50,569 | 8 | % | $ | 63,211 | 10 | % | ||||||||
Old Line Bank | $ | 70,871 | 11.2 | % | $ | 50,500 | 8 | % | $ | 63,125 | 10 | % | ||||||||
Tier 1 capital (to risk weighted assets) | ||||||||||||||||||||
Consolidated | $ | 68,066 | 10.8 | % | $ | 25,284 | 4 | % | $ | 37,926 | 6 | % | ||||||||
Old Line Bank | $ | 66,906 | 10.6 | % | $ | 25,250 | 4 | % | $ | 37,875 | 6 | % | ||||||||
Tier 1 capital (to average assets) | ||||||||||||||||||||
Consolidated | $ | 68,066 | 7.9 | % | $ | 34,286 | 4 | % | $ | 42,858 | 5 | % | ||||||||
Old Line Bank | $ | 66,906 | 7.8 | % | $ | 34,286 | 4 | % | $ | 42,858 | 5 | % |
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 12 Months Ended | |||||||
Dec. 31, 2013 | ||||||||
Commitments and Contingencies | ' | |||||||
Schedule of commitments to extend credit and available credit lines | ' | |||||||
December 31, | 2013 | 2012 | ||||||
Commitments to extend credit and available credit lines: | ||||||||
Commercial | $ | 62,248,922 | $ | 47,250,860 | ||||
Construction | 67,470,936 | 31,814,653 | ||||||
Residential Real Estate | 1,603,168 | — | ||||||
Consumer | 15,873,011 | 14,623,377 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 147,196,037 | $ | 93,688,890 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Standby letters of credit | $ | 17,306,158 | $ | 11,309,579 | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of future minimum lease commitments under the operating leases | ' | |||||||
Year | Amount | |||||||
2014 | $ | 1,785,967 | ||||||
2015 | 1,697,085 | |||||||
2016 | 1,674,142 | |||||||
2017 | 1,488,839 | |||||||
2018 | 1,142,993 | |||||||
Remaining | 4,434,487 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
$ | 12,223,513 | |||||||
​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ||||
Fair_Value_Measurement_Tables
Fair Value Measurement (Tables) | 12 Months Ended | ||||||||||||||||
Dec. 31, 2013 | |||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||
Schedule of assets and liabilities measured at fair value on a recurring basis | ' | ||||||||||||||||
At December 31, 2013 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | Total Changes | |||||||||||||
Active Markets for | Observable | Unobservable | in Fair Values | ||||||||||||||
Identical Assets | Inputs | Inputs | Included in | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Period Earnings | ||||||||||||||
Availabe-for-sale: | |||||||||||||||||
Treasury securities | $ | 1,250 | $ | 1,250 | $ | — | $ | — | $ | — | |||||||
U.S. government agency | 40,735 | — | 40,735 | — | — | ||||||||||||
Municipal securities | 59,267 | — | 59,267 | — | — | ||||||||||||
FHLMC MBS | 5,206 | — | 5,206 | — | — | ||||||||||||
FNMA MBS | 18,703 | — | 18,703 | — | — | ||||||||||||
GNMA MBS | 39,921 | — | 39,921 | — | — | ||||||||||||
SBA loan pools | 7,088 | — | 7,088 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total investment securities available for sale | 172,170 | 1,250 | 170,920 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Sallie Mae equity securities | 414 | 414 | — | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recurring assets at fair value | $ | 172,584 | $ | 1,664 | $ | 170,920 | $ | — | $ | — | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
At December 31, 2012 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | Total Changes | |||||||||||||
December 31, 2012 | Active Markets for | Observable | Unobservable | in Fair Values | |||||||||||||
Identical Assets | Inputs | Inputs | Included in | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | Period Earnings | ||||||||||||||
Availabe-for-sale: | |||||||||||||||||
Treasury securities | $ | 1,251 | $ | 1,251 | $ | — | $ | — | $ | — | |||||||
U.S. government agency | 28,570 | — | 28,570 | — | — | ||||||||||||
Municipal securities | 63,854 | — | 63,854 | — | — | ||||||||||||
FHLMC MBS | 6,690 | — | 6,690 | — | — | ||||||||||||
FNMA MBS | 18,460 | — | 18,460 | — | — | ||||||||||||
GNMA MBS | 51,612 | — | 51,612 | — | — | ||||||||||||
SBA loan pools | 1,104 | — | 1,104 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total investment securities available for sale | 171,541 | 1,251 | 170,290 | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Sallie Mae equity securities | 270 | 270 | — | — | — | ||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total recurring assets at fair value | $ | 171,811 | $ | 1,521 | $ | 170,290 | $ | — | $ | — | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of assets and liabilities measured at fair value on a nonrecurring basis | ' | ||||||||||||||||
At December 31, 2013 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | ||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Impaired Loans | |||||||||||||||||
Legacy: | $ | 9,723 | — | — | $ | 9,723 | |||||||||||
Acquired: | 1,296 | — | — | 1,296 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Impaired Loans | 11,019 | — | — | 11,019 | |||||||||||||
Other real estate owned: | |||||||||||||||||
Legacy: | $ | 475 | — | — | $ | 475 | |||||||||||
Acquired: | 3,836 | — | — | 3,836 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other real estate owned: | 4,311 | — | — | 4,311 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 15,330 | $ | — | $ | — | $ | 15,330 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
At December 31, 2012 (In thousands) | |||||||||||||||||
Carrying Value | Quoted Prices in | Other | Significant | ||||||||||||||
Active Markets for | Observable | Unobservable | |||||||||||||||
Identical Assets | Inputs | Inputs | |||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Impaired Loans | |||||||||||||||||
Legacy | $ | 2,191 | $ | — | $ | — | $ | 2,191 | |||||||||
Acquired | 4,470 | — | — | 4,470 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total Impaired Loans | $ | 6,661 | $ | — | $ | — | $ | 6,661 | |||||||||
. | |||||||||||||||||
Other real estate owned: | |||||||||||||||||
Legacy | $ | 1,651 | $ | — | $ | — | $ | 1,651 | |||||||||
Acquired | 2,068 | — | — | 2,068 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total other real estate owned: | 3,719 | — | — | 3,719 | |||||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Total | $ | 10,380 | $ | — | $ | — | $ | 10,380 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of estimated fair value of financial instruments | ' | ||||||||||||||||
December 31, 2013 (In thousands) | |||||||||||||||||
Carrying | Total | Quoted Prices | Significant | Significant | |||||||||||||
Amount | Estimated | in Active | Other | Other | |||||||||||||
(000's) | Fair | Markets for | Observable | Unobservable | |||||||||||||
Value | Identical Assets | Inputs | Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 29,058 | $ | 29,058 | $ | 29,058 | $ | — | $ | — | |||||||
Loans receivable, net | 847,249 | 860,458 | — | — | 860,458 | ||||||||||||
Loans held for sale | 2,015 | 2,015 | — | 2,015 | — | ||||||||||||
Investment securities available for sale | 172,170 | 172,170 | — | 172,170 | — | ||||||||||||
Equity Securities at cost | 5,670 | 5,670 | 414 | 5,256 | — | ||||||||||||
Bank Owned Life Insurance | 30,577 | 30,577 | — | 30,577 | — | ||||||||||||
Accrued interest receivable | 3,433 | 3,433 | — | 1,088 | 2,345 | ||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Non-interest-bearing | 228,734 | 228,734 | — | 228,734 | — | ||||||||||||
Interest bearing | 745,626 | 751,703 | — | 751,703 | — | ||||||||||||
Short term borrowings | 49,530 | 49,530 | — | 49,530 | — | ||||||||||||
Long term borrowings | 6,093 | 6,093 | — | 6,093 | — | ||||||||||||
Accrued Interest payable | 265 | 265 | — | 265 | — | ||||||||||||
December 31, 2012 (In thousands) | |||||||||||||||||
Carrying | Total | Quoted Prices | Significant | Significant | |||||||||||||
Amount | Estimated | in Active | Other | Other | |||||||||||||
(000's) | Fair | Markets for | Observable | Unobservable | |||||||||||||
Value | Identical Assets | Inputs | Inputs | ||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||
Assets: | |||||||||||||||||
Cash and cash equivalents | $ | 28,691 | $ | 28,691 | $ | 28,691 | $ | — | $ | — | |||||||
Loans receivable, net | 595,145 | 599,320 | — | — | 599,320 | ||||||||||||
Investment securities available for sale | 171,541 | 171,541 | — | 171,541 | — | ||||||||||||
Equity Securities at cost | 3,615 | 3,615 | 270 | 3,345 | — | ||||||||||||
Bank Owned Life Insurance | 16,869 | 16,869 | — | 16,869 | — | ||||||||||||
Accrued interest receivable | 2,639 | 2,639 | — | 1,031 | 1,608 | ||||||||||||
Liabilities: | |||||||||||||||||
Deposits: | |||||||||||||||||
Non-interest-bearing | 188,896 | 188,896 | — | 188,896 | — | ||||||||||||
Interest bearing | 546,563 | 554,778 | — | 554,778 | — | ||||||||||||
Short term borrowings | 37,905 | 37,905 | — | 37,905 | — | ||||||||||||
Long term borrowings | 6,192 | 6,192 | — | 6,192 | — | ||||||||||||
Accrued Interest payable | 547 | 547 | — | 547 | — |
Other_Operating_Expenses_Table
Other Operating Expenses (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Other Operating Expenses | ' | ||||||||||
Schedule of other operating expenses | ' | ||||||||||
December 31, | 2013 | 2012 | 2011 | ||||||||
Network Services | $ | 582,533 | $ | 266,382 | $ | 143,899 | |||||
Telephone | 564,164 | 460,308 | 464,786 | ||||||||
Pointer Ridge other operating | 409,071 | 422,127 | 562,223 | ||||||||
Other | 5,298,922 | 4,436,271 | 3,628,600 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total | $ | 6,854,690 | $ | 5,585,088 | $ | 4,799,508 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Parent_CompanyCondensed_Financ1
Parent Company-Condensed Financial Information (Tables) | 12 Months Ended | ||||||||||
Dec. 31, 2013 | |||||||||||
Parent Company-Condensed Financial Information | ' | ||||||||||
Schedule of condensed balance sheets | ' | ||||||||||
Condensed Balance Sheets | |||||||||||
December 31, | 2013 | 2012 | |||||||||
Assets | |||||||||||
Cash and due from banks | $ | 4,657,549 | $ | 207,687 | |||||||
Investment in Real Estate LLC | 499,871 | 652,579 | |||||||||
Investment in Old Line Bank | 120,659,537 | 73,699,992 | |||||||||
Other assets | 788,283 | 341,328 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 126,605,240 | $ | 74,901,586 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Liabilities and Stockholders' Equity | |||||||||||
Accounts payable | $ | 355,845 | $ | 39,972 | |||||||
Stockholders' equity | |||||||||||
Common stock | 107,772 | 68,454 | |||||||||
Additional paid-in capital | 104,622,171 | 53,792,015 | |||||||||
Retained earnings | 24,879,275 | 18,531,387 | |||||||||
Accumulated other comprehensive income (loss) | (3,359,823 | ) | 2,469,758 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
126,249,395 | 74,861,614 | ||||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
$ | 126,605,240 | $ | 74,901,586 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ||||
Schedule of condensed statements of income | ' | ||||||||||
Condensed Statements of Income | |||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | ||||||||
Interest and dividend income | |||||||||||
Dividend from Old Line Bank | $ | 1,490,941 | $ | 1,592,819 | $ | 821,496 | |||||
Interest on money market and certificates of deposit | 2,869 | 325 | 4,794 | ||||||||
Interest on loans | — | — | 5,787 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Total interest and dividend income | 1,493,810 | 1,593,144 | 832,077 | ||||||||
Non-interest income (loss) | (50,326 | ) | (108,542 | ) | (247,198 | ) | |||||
Non-interest expense | 943,022 | 496,963 | 460,034 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Income before income taxes | 500,462 | 987,639 | 124,845 | ||||||||
Income tax expense (benefit) | (97,767 | ) | (91,441 | ) | (175,662 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
598,229 | 1,079,080 | 300,507 | |||||||||
Undistributed net income of Old Line Bank | 7,240,600 | 6,451,384 | 5,079,464 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net income | $ | 7,838,829 | $ | 7,530,464 | $ | 5,379,971 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Schedule of condensed statements of cash flows | ' | ||||||||||
Statements of Cash Flows | |||||||||||
Years Ended December 31, | 2013 | 2012 | 2011 | ||||||||
Cash flows from operating activities | |||||||||||
Interest and dividends received | $ | 1,493,810 | $ | 1,593,144 | $ | 833,271 | |||||
Income taxes | — | — | 52,161 | ||||||||
Reimbursement received (cash paid) for operating expenses | (643,211 | ) | (454,977 | ) | (286,601 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
850,599 | 1,138,167 | 598,831 | |||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from investing activities | |||||||||||
Principal collected on loans made | — | — | 272,889 | ||||||||
Cash and cash equivalents of acquired company | (10,000,000 | ) | — | 25,239 | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
(10,000,000 | ) | — | 298,128 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash flows from financing activities | |||||||||||
Proceeds from stock options exercised, including tax benefit | 814,101 | 127,193 | 40,788 | ||||||||
Proceeds from issuance of common stock | 12,177,568 | — | 6,332,844 | ||||||||
Acquisition cash consideration | 2,098,535 | — | (1,022,162 | ) | |||||||
Repayment of acquired bank debt | — | — | (5,403,883 | ) | |||||||
Cash dividends paid-common stock | (1,490,941 | ) | (1,092,819 | ) | (821,497 | ) | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
13,599,263 | (965,626 | ) | (873,910 | ) | |||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Net increase (decrease) in cash and cash equivalents | 4,449,862 | 172,541 | 23,049 | ||||||||
Cash and cash equivalents at beginning of year | 207,687 | 35,146 | 12,097 | ||||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Cash and cash equivalents at end of year | $ | 4,657,549 | $ | 207,687 | $ | 35,146 | |||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Reconciliation of net income to net cash provided by operating activities | |||||||||||
Net income | $ | 7,838,829 | $ | 7,530,464 | $ | 5,379,971 | |||||
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||||
Undistributed net income of Old Line Bank | (7,240,600 | ) | (6,451,384 | ) | (5,079,464 | ) | |||||
Stock based compensation awards | 230,743 | 176,024 | 132,661 | ||||||||
(Income) loss from investment in real estate LLC | 152,707 | 108,542 | 247,198 | ||||||||
Increase (decrease) in other liabilities | 315,874 | 8,043 | (106,680 | ) | |||||||
(Increase) decrease in other assets | (446,954 | ) | (233,522 | ) | 25,145 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
$ | 850,599 | $ | 1,138,167 | $ | 598,831 | ||||||
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | |||
Cash and cash equivalents | ' | ' | ' |
Purchase and sell period for federal funds | '1 day | ' | ' |
Stock based compensation awards | ' | ' | ' |
Stock-based compensation expense | $230,743 | $176,024 | $132,661 |
Tax benefit recognized with the portion of the expense that was related to the issuance of non-qualified options | $38,135 | $19,835 | ' |
Number of nonqualified options included in the expense calculation | ' | ' | 0 |
Mortgage Banking Activities | ' | ' | ' |
Period after funding, the loans are transferred to the investor in accordance with the agreed-upon terms | '21 days | ' | ' |
Buildings | Minimum | ' | ' | ' |
Premises and equipment | ' | ' | ' |
Estimated useful life | '5 years | ' | ' |
Buildings | Maximum | ' | ' | ' |
Premises and equipment | ' | ' | ' |
Estimated useful life | '50 years | ' | ' |
Leasehold improvements | Minimum | ' | ' | ' |
Premises and equipment | ' | ' | ' |
Estimated useful life | '3 years | ' | ' |
Leasehold improvements | Maximum | ' | ' | ' |
Premises and equipment | ' | ' | ' |
Estimated useful life | '30 years | ' | ' |
Furniture and equipment | Minimum | ' | ' | ' |
Premises and equipment | ' | ' | ' |
Estimated useful life | '3 years | ' | ' |
Furniture and equipment | Maximum | ' | ' | ' |
Premises and equipment | ' | ' | ' |
Estimated useful life | '23 years | ' | ' |
Summary_of_Significant_Account4
Summary of Significant Accounting Policies (Details 2) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
item | |
Other intangible assets | ' |
Number of reporting units | 1 |
Goodwill impairment charge | $0 |
Loans and interest income | ' |
Threshold for loans placed on non-accrual of interest income | '90 days |
Core deposit | ' |
Other intangible assets | ' |
Amortization period | '10 years |
Core deposit | Maryland Bankcorp | ' |
Other intangible assets | ' |
Amortization period | '18 years |
Core deposit | WSB Holdings, Inc. | ' |
Other intangible assets | ' |
Amortization period | '10 years |
Summary_of_Significant_Account5
Summary of Significant Accounting Policies (Details 3) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2013 | |
Performing loans | Performing loans | |||
Activity in the allowance for loan losses by portfolio segment | ' | ' | ' | ' |
Allowance for loan losses established at acquisition date for purchased performing loans | $215,037 | $834,183 | ' | $0 |
Look back period after change | ' | ' | '3 years | ' |
Previously used measurement periods for loan losses | ' | ' | '3 years | ' |
Summary_of_Significant_Account6
Summary of Significant Accounting Policies (Details 4) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Summary of Significant Accounting Policies | ' | ' | ' |
Net income (in dollars) | $7,838,829 | $7,530,464 | $5,379,971 |
Denominator: | ' | ' | ' |
Weighted average common shares outstanding | 9,044,844 | 6,828,512 | 6,223,057 |
Effect of Diluted Options | 104,356 | 65,133 | 30,841 |
Diluted shares | 9,149,200 | 6,893,645 | 6,253,898 |
Net income per share: | ' | ' | ' |
Basic (in dollars per share) | $0.87 | $1.10 | $0.86 |
Diluted (in dollars per share) | $0.86 | $1.09 | $0.86 |
Acquisition_of_WSB_Holdings_In2
Acquisition of WSB Holdings, Inc. (Details) (USD $) | 12 Months Ended | 0 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | 10-May-13 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | 10-May-13 | Sep. 30, 2013 | 10-May-13 | |
Core deposit intangible | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | WSB Holdings | ||||
Core deposit intangible | Core deposit intangible | Data processing | Salaries | Advisory & legal fees | Advisory & legal fees | Fair Value Adjustments | Fair Value Adjustments | As Recorded by WSB Holdings, Inc. | |||||||||
Acquisition of WSB Holdings, Inc. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Holder's right to receive cash for conversion of each share of common stock of acquiree (in dollars per share) | ' | ' | ' | ' | $6.07 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Holder's right to receive shares for conversion of each share of common stock of acquiree | ' | ' | ' | ' | 0.557 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Aggregate cash consideration | $16,966,208 | ' | $1,022,413 | ' | $16,966,208 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total merger consideration | ' | ' | ' | ' | 54,700,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash and due from banks | ' | ' | ' | ' | 5,576,699 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,576,699 |
Federal funds sold | ' | ' | ' | ' | 16,303,692 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,966,208 | ' | 33,269,900 |
Total cash and cash equivalents | ' | ' | ' | ' | 21,880,391 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,966,208 | ' | 38,846,599 |
Investment securities available for sale-at fair value | ' | ' | ' | ' | 79,374,701 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -101,654 | 849,117 | 79,476,355 |
Loans, net of deferred fees and costs | ' | ' | ' | ' | 162,941,102 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -14,263,180 | 102,484 | 177,204,282 |
Allowance for loan losses | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,767,274 | ' | -2,767,274 |
Premises and equipment | ' | ' | ' | ' | 10,379,053 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,673,151 | ' | 4,705,902 |
Accrued interest receivable | ' | ' | ' | ' | 886,413 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 886,413 |
Deferred income taxes | ' | ' | ' | ' | 11,402,309 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,005,790 | 2,949 | 7,396,519 |
Bank owned life insurance | ' | ' | ' | ' | 12,986,817 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,986,817 |
Other real estate owned | ' | ' | ' | ' | 4,232,482 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -993,476 | -8,310 | 5,225,958 |
Core deposit intangible | ' | ' | ' | ' | 2,434,723 | ' | ' | ' | ' | 2,400,000 | ' | ' | ' | ' | 2,434,723 | ' | ' |
Other assets | ' | ' | ' | ' | 3,758,688 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -567,850 | ' | 4,326,538 |
Total assets | ' | ' | ' | ' | 310,276,679 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -18,011,430 | ' | 328,288,109 |
Deposits | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-interest bearing | ' | ' | ' | ' | 10,863,874 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,863,874 |
Interest bearing | ' | ' | ' | ' | 205,330,841 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 955,452 | ' | 204,375,389 |
Total deposits | ' | ' | ' | ' | 216,194,715 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 955,452 | ' | 215,239,263 |
Long term borrowings | ' | ' | ' | ' | 60,250,568 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,250,568 | ' | 56,000,000 |
Accrued interest payable | ' | ' | ' | ' | 246,416 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 246,416 |
Other liabilities | ' | ' | ' | ' | 3,097,793 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 118,066 | ' | 2,979,727 |
Total liabilities | ' | ' | ' | ' | 279,789,492 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,324,086 | ' | 274,465,406 |
Net identifiable assets acquired over (under) assumed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price in excess of net assets acquired | ' | ' | ' | ' | 30,487,187 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,335,516 | ' | 53,822,703 |
Goodwill | 7,793,665 | 633,790 | 633,790 | ' | 7,159,875 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,159,875 | ' | ' |
Net assets acquired over liabilities assumed | ' | ' | ' | ' | 37,647,062 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -16,175,641 | ' | 53,822,703 |
Income tax rate used to record deferred tax asset at fair value (as a percent) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 39.45% | ' | ' |
Measurement period adjustment to goodwill | ' | ' | ' | ' | ' | 946,240 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase Price Consideration-Common Stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
WSB Holdings shares outstanding exchanged for stock | ' | ' | ' | ' | 5,223,633 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exchange ratio | ' | ' | ' | ' | 0.557 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Old Line Bancshares shares issued to WSB Holdings stockholders | ' | ' | ' | ' | 2,909,486 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price per WSB Holdings common share (in dollar per share) | ' | ' | ' | ' | $6.07 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash consideration | 16,966,208 | ' | 1,022,413 | ' | 16,966,208 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase price assigned to shares exchanged for stock | ' | ' | ' | ' | 37,765,128 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expenses not accrued for and paid by Old Line Bank | ' | ' | ' | ' | -118,066 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Final purchase price for WSB acquisition | ' | ' | ' | ' | 37,647,062 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expenses incurred in conjunction with merger | 3,518,945 | 470,999 | 574,321 | ' | ' | ' | 3,388,630 | 314,676 | ' | ' | 2,610,429 | 254,517 | 523,684 | 314,676 | ' | ' | ' |
Intangibles acquired | ' | ' | ' | ' | $2,434,723 | ' | ' | ' | ' | $2,400,000 | ' | ' | ' | ' | $2,434,723 | ' | ' |
Estimated useful life | ' | ' | ' | '10 years | ' | ' | ' | ' | '10 years | ' | ' | ' | ' | ' | ' | ' | ' |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Goodwill: | ' | ' | ' |
Carrying amount at beginning of year | $633,790 | $633,790 | ' |
Goodwill from WSB acquisition | 7,159,875 | ' | ' |
Carrying amount at end of year | 7,793,665 | 633,790 | 633,790 |
Intangible assets | ' | ' | ' |
Amortization expense | 838,694 | 727,421 | 584,024 |
Core deposit intangible | ' | ' | ' |
Intangible assets | ' | ' | ' |
Carrying amount at beginning of year | 3,691,472 | 5,002,917 | ' |
Acquired during the year | 2,434,723 | ' | ' |
Less accumulated amortization | -2,150,139 | -1,311,445 | ' |
Carrying amount at end of year | 5,287,501 | 3,691,472 | 5,002,917 |
Amortization expense | 838,694 | 727,421 | 584,024 |
Future amortization expense of core deposit premium | ' | ' | ' |
2014 | 866,706 | ' | ' |
2015 | 792,898 | ' | ' |
2016 | 717,873 | ' | ' |
2017 | 641,632 | ' | ' |
2018 | 564,173 | ' | ' |
Thereafter | 1,704,219 | ' | ' |
Total | $5,287,501 | $3,691,472 | $5,002,917 |
Cash_and_Equivalents_Details
Cash and Equivalents (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Cash and Equivalents | ' | ' |
Amount by which average balance exceeded the federally insured limit | $347,612 | $4,374,082 |
Average balance sold | $3,582,839 | $4,160,808 |
Investment_Securities_Details
Investment Securities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Investment securities | ' | ' |
Amortized cost | $177,870,224 | $167,475,820 |
Gross unrealized gains | 966,392 | 4,370,566 |
Gross unrealized losses | -6,666,840 | -305,164 |
Estimated fair value | 172,169,776 | 171,541,222 |
U. S. treasury | ' | ' |
Investment securities | ' | ' |
Amortized cost | 1,249,831 | 1,249,708 |
Gross unrealized gains | 156 | 1,542 |
Estimated fair value | 1,249,987 | 1,251,250 |
U.S. government agency | ' | ' |
Investment securities | ' | ' |
Amortized cost | 42,942,107 | 28,493,293 |
Gross unrealized gains | ' | 105,183 |
Gross unrealized losses | -2,206,975 | -27,505 |
Estimated fair value | 40,735,132 | 28,570,971 |
Municipal securities | ' | ' |
Investment securities | ' | ' |
Amortized cost | 61,190,506 | 61,670,324 |
Gross unrealized gains | 601,327 | 2,453,427 |
Gross unrealized losses | -2,525,198 | -270,102 |
Estimated fair value | 59,266,635 | 63,853,649 |
FHLMC certificates | ' | ' |
Investment securities | ' | ' |
Amortized cost | 5,214,835 | 6,448,848 |
Gross unrealized gains | 75,950 | 245,541 |
Gross unrealized losses | -84,819 | -4,858 |
Estimated fair value | 5,205,966 | 6,689,531 |
FNMA certificates | ' | ' |
Investment securities | ' | ' |
Amortized cost | 19,055,521 | 17,600,875 |
Gross unrealized gains | 161,209 | 858,903 |
Gross unrealized losses | -513,728 | ' |
Estimated fair value | 18,703,002 | 18,459,778 |
GNMA certificates | ' | ' |
Investment securities | ' | ' |
Amortized cost | 40,878,372 | 50,914,071 |
Gross unrealized gains | 127,750 | 700,339 |
Gross unrealized losses | -1,084,896 | -2,699 |
Estimated fair value | 39,921,226 | 51,611,711 |
SBA loan pools | ' | ' |
Investment securities | ' | ' |
Amortized cost | 7,339,052 | 1,098,701 |
Gross unrealized gains | ' | 5,631 |
Gross unrealized losses | -251,224 | ' |
Estimated fair value | $7,087,828 | $1,104,332 |
Investment_Securities_Details_
Investment Securities (Details 2) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | ||
Investment securities | ' | ' |
Less than 12 months, Fair value | $118,297,419 | $20,765,258 |
Less than 12 months, Unrealized losses | 5,469,648 | 305,164 |
12 Months or More, Fair value | 15,425,560 | ' |
12 Months or More, Unrealized losses | 1,197,192 | ' |
Total, Fair value | 133,722,979 | 20,765,258 |
Total, Unrealized losses | 6,666,840 | 305,164 |
Gross realized gains and proceeds from sales or calls of investment securities | ' | ' |
Number of securities in an unrealized loss position for less than 12 months | 120 | ' |
Number of securities in an unrealized loss position for greater than 12 months | 26 | ' |
Proceeds from sales, maturities or calls of investment securities | 95,338,330 | 30,961,092 |
Gross realized gains from the sale or call of investment securities | 857,079 | 1,169,274 |
Gross realized losses from the sale or call of investment securities | 215,991 | 12,493 |
Net realized gains (losses) from the sale or call of investment securities | 641,088 | 1,156,781 |
U.S. government agency | ' | ' |
Investment securities | ' | ' |
Less than 12 months, Fair value | 39,324,082 | 4,498,200 |
Less than 12 months, Unrealized losses | 2,107,099 | 27,505 |
12 Months or More, Fair value | 1,411,050 | ' |
12 Months or More, Unrealized losses | 99,876 | ' |
Total, Fair value | 40,735,132 | 4,498,200 |
Total, Unrealized losses | 2,206,975 | 27,505 |
Municipal securities | ' | ' |
Investment securities | ' | ' |
Less than 12 months, Fair value | 30,367,222 | 13,470,047 |
Less than 12 months, Unrealized losses | 1,654,439 | 270,102 |
12 Months or More, Fair value | 9,190,578 | ' |
12 Months or More, Unrealized losses | 870,759 | ' |
Total, Fair value | 39,557,800 | 13,470,047 |
Total, Unrealized losses | 2,525,198 | 270,102 |
FHLMC certificates | ' | ' |
Investment securities | ' | ' |
Less than 12 months, Fair value | 2,827,273 | 1,340,171 |
Less than 12 months, Unrealized losses | 84,819 | 4,858 |
Total, Fair value | 2,827,273 | 1,340,171 |
Total, Unrealized losses | 84,819 | 4,858 |
FNMA certificates | ' | ' |
Investment securities | ' | ' |
Less than 12 months, Fair value | 13,596,358 | ' |
Less than 12 months, Unrealized losses | 513,728 | ' |
Total, Fair value | 13,596,358 | ' |
Total, Unrealized losses | 513,728 | ' |
GNMA certificates | ' | ' |
Investment securities | ' | ' |
Less than 12 months, Fair value | 25,094,656 | 1,456,840 |
Less than 12 months, Unrealized losses | 858,339 | 2,699 |
12 Months or More, Fair value | 4,823,932 | ' |
12 Months or More, Unrealized losses | 226,557 | ' |
Total, Fair value | 29,918,588 | 1,456,840 |
Total, Unrealized losses | 1,084,896 | 2,699 |
SBA loan pools | ' | ' |
Investment securities | ' | ' |
Less than 12 months, Fair value | 7,087,828 | ' |
Less than 12 months, Unrealized losses | 251,224 | ' |
Total, Fair value | 7,087,828 | ' |
Total, Unrealized losses | $251,224 | ' |
Investment_Securities_Details_1
Investment Securities (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Available for Sale, Amortized cost | ' | ' |
Within one year | $1,249,831 | $1,524,056 |
Over one to five years | 10,547,434 | 14,230,204 |
Over five to ten years | 46,455,999 | 29,888,753 |
Over ten years | 119,616,960 | 121,832,807 |
Total available for sale, Amortized cost | 177,870,224 | 167,475,820 |
Available for Sale, Fair value | ' | ' |
Within one year | 1,249,988 | 1,527,846 |
Over one to five years | 10,411,815 | 14,348,906 |
Over five to ten years | 44,572,445 | 30,476,885 |
Over ten years | 115,935,528 | 125,187,585 |
Estimated fair value | 172,169,776 | 171,541,222 |
Pledged securities | ' | ' |
Amortized cost | 42,020,023 | 34,312,950 |
Fair value | $41,289,389 | $35,085,026 |
Loans_and_Allowance_for_Loan_L2
Loans and Allowance for Loan Losses (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | |||
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | $851,157,629 | $598,016,292 | ' |
Allowance for loan losses | -4,929,213 | -3,965,347 | -3,741,271 |
Deferred loan costs, net | 1,020,174 | 1,093,983 | ' |
Total Loans | 847,248,590 | 595,144,928 | ' |
Number of components segmented in loan portfolio | 2 | ' | ' |
Number of board of directors and executives forming loan committee | 7 | ' | ' |
Commercial Real Estate | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 534,321,044 | 379,393,440 | ' |
Allowance for loan losses | -3,569,395 | ' | ' |
Commercial Real Estate | Owner Occupied | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 193,208,087 | 179,578,001 | ' |
Commercial Real Estate | Owner Occupied | Maximum | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Loan to value ratio (as a percent) | 85.00% | ' | ' |
Commercial Real Estate | Investment | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 216,280,347 | 112,574,641 | ' |
Commercial Real Estate | Hospitality | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 75,837,626 | 61,278,653 | ' |
Commercial Real Estate | Land and A&D | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 48,994,984 | 25,962,145 | ' |
Residential Real Estate | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 205,047,827 | 129,381,138 | ' |
Allowance for loan losses | -841,234 | -2,826,584 | -2,123,068 |
Credit score required | 660 | ' | ' |
Residential Real Estate | Maximum | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Loan to value ratio (as a percent) | 80.00% | ' | ' |
Maturity period of short duration loans | '9 months | ' | ' |
Residential Real Estate | Minimum | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Credit score required for loans sold in secondary market | 640 | ' | ' |
Credit score required for loans sold in secondary market to veterans | 620 | ' | ' |
Residential Real Estate | Investment | Maximum | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Loan to value ratio (as a percent) | 75.00% | ' | ' |
Residential Real Estate | First Lien-Investment | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 73,658,530 | 45,625,255 | ' |
Residential Real Estate | First Lien-Owner Occupied | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 76,157,441 | 36,093,207 | ' |
Residential Real Estate | Residential Land and A&D | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 33,570,233 | 27,994,054 | ' |
Residential Real Estate | HELOC and Jr. Liens | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 21,661,623 | 19,668,622 | ' |
Residential Real Estate | Commercial | Hospitality industry | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total Loans | 75,800,000 | ' | ' |
Residential Real Estate | Residential | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total Loans | 0 | 0 | ' |
Residential Real Estate | Residential | Maximum | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Loan to value ratio (as a percent) | 85.00% | ' | ' |
Debt to income ratio required (as a percent) | 43.00% | ' | ' |
Commercial & Industrial Loans | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 100,790,390 | 78,237,257 | ' |
Commercial | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 100,790,390 | 78,237,257 | ' |
Allowance for loan losses | -495,051 | -755,954 | -922,310 |
Minimum threshold amount of loan for which financial condition and operating performance of the borrower is monitored | 250,000 | ' | ' |
Consumer | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 10,998,368 | 11,004,457 | ' |
Allowance for loan losses | -23,533 | ' | ' |
Consumer | Maximum | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Debt to income ratio required (as a percent) | 40.00% | ' | ' |
Legacy | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 630,290,012 | 465,244,910 | ' |
Allowance for loan losses | -4,397,552 | -3,648,723 | ' |
Deferred loan costs, net | -1,021,167 | -1,093,983 | ' |
Total Loans | 630,290,012 | 465,244,910 | ' |
Legacy | Commercial Real Estate | Owner Occupied | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 163,105,356 | 143,659,006 | ' |
Legacy | Commercial Real Estate | Investment | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 162,188,671 | 86,718,482 | ' |
Legacy | Commercial Real Estate | Hospitality | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 67,291,387 | 61,278,653 | ' |
Legacy | Commercial Real Estate | Land and A&D | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 40,595,806 | 22,633,751 | ' |
Legacy | Residential Real Estate | First Lien-Investment | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 45,294,434 | 27,872,303 | ' |
Legacy | Residential Real Estate | First Lien-Owner Occupied | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 13,909,939 | 6,794,384 | ' |
Legacy | Residential Real Estate | Residential Land and A&D | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 19,845,291 | 20,191,960 | ' |
Legacy | Residential Real Estate | HELOC and Jr. Liens | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 18,302,560 | 16,405,433 | ' |
Legacy | Commercial & Industrial Loans | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 89,629,043 | 69,746,472 | ' |
Legacy | Consumer | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 10,127,525 | 9,944,466 | ' |
Acquired | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 220,867,617 | 132,771,382 | ' |
Allowance for loan losses | -531,661 | -316,624 | ' |
Deferred loan costs, net | -993 | ' | ' |
Total Loans | 220,334,963 | 132,454,758 | ' |
Acquired | Commercial Real Estate | Owner Occupied | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 30,102,731 | 35,918,995 | ' |
Acquired | Commercial Real Estate | Investment | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 54,091,676 | 25,856,159 | ' |
Acquired | Commercial Real Estate | Hospitality | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 8,546,239 | ' | ' |
Acquired | Commercial Real Estate | Land and A&D | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 8,399,178 | 3,328,394 | ' |
Acquired | Residential Real Estate | First Lien-Investment | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 28,364,096 | 17,752,952 | ' |
Acquired | Residential Real Estate | First Lien-Owner Occupied | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 62,247,502 | 29,298,823 | ' |
Acquired | Residential Real Estate | Residential Land and A&D | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 13,724,942 | 7,802,094 | ' |
Acquired | Residential Real Estate | HELOC and Jr. Liens | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 3,359,063 | 3,263,189 | ' |
Acquired | Commercial & Industrial Loans | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | 11,161,347 | 8,490,785 | ' |
Acquired | Consumer | ' | ' | ' |
Held-for-investment | ' | ' | ' |
Total before allowance and deferred loan cost | $870,843 | $1,059,991 | ' |
Loans_and_Allowance_for_Loan_L3
Loans and Allowance for Loan Losses (Details 2) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Aging analysis of the loan held for investment portfolio | ' | ' |
Current | $834,646,539 | $589,698,929 |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 6,037,755 | 2,401,116 |
90 or more days past due | 1,654,560 | 6,410 |
Total accruing past due loans | 7,692,315 | 2,407,526 |
Total Recorded Investment Non-accruing past due loans: | 8,818,775 | 5,909,837 |
Total Loans | 847,248,590 | 595,144,928 |
Commercial Real Estate | Owner Occupied | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 882,423 | 830,349 |
90 or more days past due | 309,767 | ' |
Total Recorded Investment Non-accruing past due loans: | 1,849,685 | 771,190 |
Commercial Real Estate | Investment | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 534,694 | ' |
Total Recorded Investment Non-accruing past due loans: | 376,050 | ' |
Commercial Real Estate | Hospitality | ' | ' |
Accruing past due loans: | ' | ' |
Total Recorded Investment Non-accruing past due loans: | 4,473,345 | ' |
Commercial Real Estate | Land and A&D | ' | ' |
Accruing past due loans: | ' | ' |
Total Recorded Investment Non-accruing past due loans: | ' | 551,276 |
Residential Real Estate | ' | ' |
Accruing past due loans: | ' | ' |
90 or more days past due | 5,251,265 | ' |
Residential Real Estate | HELOC and Jr. Liens | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | ' | 48,921 |
Residential Real Estate | Residential First-Investment | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 1,366,423 | 781,521 |
Total Recorded Investment Non-accruing past due loans: | 123,183 | 1,064,404 |
Residential Real Estate | First Lien-Owner Occupied | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 2,584,408 | 260,251 |
90 or more days past due | 429,144 | ' |
Total Recorded Investment Non-accruing past due loans: | 1,081,957 | 2,271,216 |
Residential Real Estate | Residential Land and A&D | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 35,162 | ' |
90 or more days past due | 915,649 | ' |
Total Recorded Investment Non-accruing past due loans: | 130,532 | 341,624 |
Commercial | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 620,537 | 473,791 |
Total Recorded Investment Non-accruing past due loans: | 769,597 | 910,127 |
Consumer | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 14,108 | 6,283 |
90 or more days past due | 14,426 | ' |
Legacy | ' | ' |
Aging analysis of the loan held for investment portfolio | ' | ' |
Current | 620,559,847 | 461,628,288 |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 1,574,115 | 1,798,738 |
Total accruing past due loans | 1,574,115 | 1,798,738 |
Total Recorded Investment Non-accruing past due loans: | 8,156,050 | 1,817,884 |
Total Loans | 630,290,012 | 465,244,910 |
Legacy | Commercial Real Estate | Owner Occupied | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 828,388 | 830,349 |
Total Recorded Investment Non-accruing past due loans: | 1,849,685 | ' |
Legacy | Commercial Real Estate | Hospitality | ' | ' |
Accruing past due loans: | ' | ' |
Total Recorded Investment Non-accruing past due loans: | 4,473,345 | ' |
Legacy | Commercial Real Estate | Land and A&D | ' | ' |
Accruing past due loans: | ' | ' |
Total Recorded Investment Non-accruing past due loans: | ' | 351,276 |
Legacy | Residential Real Estate | Residential First-Investment | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 521,405 | 531,521 |
Total Recorded Investment Non-accruing past due loans: | 123,183 | 138,708 |
Legacy | Residential Real Estate | First Lien-Owner Occupied | ' | ' |
Accruing past due loans: | ' | ' |
Total Recorded Investment Non-accruing past due loans: | 925,814 | 453,165 |
Legacy | Commercial | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 224,322 | 436,868 |
Total Recorded Investment Non-accruing past due loans: | 769,597 | 874,735 |
Legacy | Consumer | ' | ' |
Accruing past due loans: | ' | ' |
Total Recorded Investment Non-accruing past due loans: | 14,426 | ' |
Acquired | ' | ' |
Aging analysis of the loan held for investment portfolio | ' | ' |
Current | 214,086,692 | 128,070,641 |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 4,463,640 | 602,378 |
90 or more days past due | 1,654,560 | 6,410 |
Total accruing past due loans | 6,118,200 | 608,788 |
Total Recorded Investment Non-accruing past due loans: | 662,725 | 4,091,953 |
Total Loans | 220,334,963 | 132,454,758 |
Acquired | Commercial Real Estate | Owner Occupied | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 54,035 | ' |
90 or more days past due | 309,767 | ' |
Total Recorded Investment Non-accruing past due loans: | ' | 771,190 |
Acquired | Commercial Real Estate | Investment | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 534,694 | ' |
Total Recorded Investment Non-accruing past due loans: | 376,050 | ' |
Acquired | Commercial Real Estate | Land and A&D | ' | ' |
Accruing past due loans: | ' | ' |
Total Recorded Investment Non-accruing past due loans: | ' | 200,000 |
Acquired | Residential Real Estate | HELOC and Jr. Liens | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | ' | 48,921 |
Acquired | Residential Real Estate | Residential First-Investment | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 845,018 | 250,000 |
Total Recorded Investment Non-accruing past due loans: | ' | 925,696 |
Acquired | Residential Real Estate | First Lien-Owner Occupied | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 2,584,408 | 260,251 |
90 or more days past due | 429,144 | ' |
Total Recorded Investment Non-accruing past due loans: | 156,143 | 1,818,051 |
Acquired | Residential Real Estate | Residential Land and A&D | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 35,162 | ' |
90 or more days past due | 915,649 | ' |
Total Recorded Investment Non-accruing past due loans: | 130,532 | 341,624 |
Acquired | Commercial | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 396,215 | 36,923 |
Total Recorded Investment Non-accruing past due loans: | ' | 35,392 |
Acquired | Consumer | ' | ' |
Accruing past due loans: | ' | ' |
Total 30-89 days past due | 14,108 | 6,283 |
90 or more days past due | ' | $6,410 |
Loans_and_Allowance_for_Loan_L4
Loans and Allowance for Loan Losses (Details 3) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Unpaid Principal Balance | ' | ' |
Total | $14,849,395 | $13,870,537 |
Recorded Investment | ' | ' |
Total | 13,441,487 | 7,103,097 |
Related Allowance | ' | ' |
Total | 2,421,894 | 441,624 |
Average Recorded Investment | ' | ' |
Total | 13,670,027 | 9,244,125 |
Interest Income Recognized | ' | ' |
Total | 464,178 | ' |
Legacy | ' | ' |
Unpaid Principal Balance | ' | ' |
Total | 11,613,569 | 2,316,070 |
Recorded Investment | ' | ' |
Total | 11,613,569 | 2,316,070 |
Related Allowance | ' | ' |
Total | 1,890,233 | 125,000 |
Average Recorded Investment | ' | ' |
Total | 11,828,819 | 3,903,559 |
Interest Income Recognized | ' | ' |
Total | 397,146 | ' |
Legacy | Commercial Real Estate | Owner Occupied | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | 1,849,685 | ' |
With an allowance recorded | 274,516 | ' |
Recorded Investment | ' | ' |
With no related allowance recorded | 1,849,685 | ' |
With an allowance recorded | 274,516 | ' |
Related Allowance | ' | ' |
Total | 137,258 | ' |
Average Recorded Investment | ' | ' |
With no related allowance recorded | 1,855,418 | ' |
With an allowance recorded | 282,630 | ' |
Interest Income Recognized | ' | ' |
With no related allowance recorded | 70,711 | ' |
With an allowance recorded | 18,177 | ' |
Legacy | Commercial Real Estate | Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
With an allowance recorded | 1,363,821 | ' |
Recorded Investment | ' | ' |
With an allowance recorded | 1,363,821 | ' |
Related Allowance | ' | ' |
Total | 136,382 | ' |
Average Recorded Investment | ' | ' |
With an allowance recorded | 1,385,973 | ' |
Interest Income Recognized | ' | ' |
With an allowance recorded | 63,855 | ' |
Legacy | Commercial Real Estate | Hospitality | ' | ' |
Unpaid Principal Balance | ' | ' |
With an allowance recorded | 4,473,345 | ' |
Recorded Investment | ' | ' |
With an allowance recorded | 4,473,345 | ' |
Related Allowance | ' | ' |
Total | 1,250,000 | ' |
Average Recorded Investment | ' | ' |
With an allowance recorded | 4,491,435 | ' |
Interest Income Recognized | ' | ' |
With an allowance recorded | 105,772 | ' |
Legacy | Commercial Real Estate | Land and A&D | ' | ' |
Unpaid Principal Balance | ' | ' |
With an allowance recorded | ' | 350,340 |
Recorded Investment | ' | ' |
With an allowance recorded | ' | 350,340 |
Related Allowance | ' | ' |
Total | ' | 100,000 |
Average Recorded Investment | ' | ' |
With an allowance recorded | ' | 1,270,542 |
Legacy | Residential Real Estate | Residential First-Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | 123,183 | 138,708 |
Recorded Investment | ' | ' |
With no related allowance recorded | 123,183 | 138,708 |
Average Recorded Investment | ' | ' |
With no related allowance recorded | 129,105 | 167,157 |
Legacy | Residential Real Estate | First Lien-Owner Occupied | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | ' | 453,165 |
With an allowance recorded | 925,814 | 499,122 |
Recorded Investment | ' | ' |
With no related allowance recorded | ' | 453,165 |
With an allowance recorded | 925,814 | 499,122 |
Related Allowance | ' | ' |
Total | 167,450 | 25,000 |
Average Recorded Investment | ' | ' |
With no related allowance recorded | ' | 546,108 |
With an allowance recorded | 931,492 | 499,122 |
Interest Income Recognized | ' | ' |
With an allowance recorded | 16,664 | ' |
Legacy | Commercial | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | 2,136,376 | 874,735 |
With an allowance recorded | 459,439 | ' |
Recorded Investment | ' | ' |
With no related allowance recorded | 2,136,376 | 874,735 |
With an allowance recorded | 459,439 | ' |
Related Allowance | ' | ' |
Total | 191,753 | ' |
Average Recorded Investment | ' | ' |
With no related allowance recorded | 2,235,110 | 1,199,983 |
With an allowance recorded | 510,230 | 77,976 |
Interest Income Recognized | ' | ' |
With no related allowance recorded | 90,917 | ' |
With an allowance recorded | 31,018 | ' |
Legacy | Consumer | ' | ' |
Unpaid Principal Balance | ' | ' |
With an allowance recorded | 7,390 | ' |
Recorded Investment | ' | ' |
With an allowance recorded | 7,390 | ' |
Related Allowance | ' | ' |
Total | 7,390 | ' |
Average Recorded Investment | ' | ' |
With an allowance recorded | 7,426 | 142,671 |
Interest Income Recognized | ' | ' |
With an allowance recorded | 32 | ' |
Acquired | ' | ' |
Unpaid Principal Balance | ' | ' |
Total | 3,235,826 | 11,554,467 |
Recorded Investment | ' | ' |
Total | 1,827,918 | 4,787,027 |
Related Allowance | ' | ' |
Total | 531,661 | 316,624 |
Average Recorded Investment | ' | ' |
Total | 1,841,208 | 5,340,566 |
Interest Income Recognized | ' | ' |
Total | 67,032 | ' |
Acquired | Commercial Real Estate | Owner Occupied | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | 605,314 | 3,551,362 |
Recorded Investment | ' | ' |
With no related allowance recorded | 579,583 | 1,375,517 |
Average Recorded Investment | ' | ' |
With no related allowance recorded | 590,677 | 1,678,172 |
Interest Income Recognized | ' | ' |
With no related allowance recorded | 24,821 | ' |
Acquired | Commercial Real Estate | Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
With an allowance recorded | 372,047 | ' |
Recorded Investment | ' | ' |
With an allowance recorded | 376,050 | ' |
Related Allowance | ' | ' |
Total | 279,037 | ' |
Average Recorded Investment | ' | ' |
With an allowance recorded | 376,047 | ' |
Interest Income Recognized | ' | ' |
With an allowance recorded | 17,509 | ' |
Acquired | Commercial Real Estate | Land and A&D | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | ' | 349,698 |
With an allowance recorded | ' | 1,628,156 |
Recorded Investment | ' | ' |
With no related allowance recorded | ' | 200,000 |
With an allowance recorded | ' | 241,624 |
Related Allowance | ' | ' |
Total | ' | 241,624 |
Average Recorded Investment | ' | ' |
With no related allowance recorded | ' | 202,674 |
With an allowance recorded | ' | 657,812 |
Acquired | Residential Real Estate | Land and A&D | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | 1,628,156 | ' |
Recorded Investment | ' | ' |
With no related allowance recorded | 241,624 | ' |
Average Recorded Investment | ' | ' |
With no related allowance recorded | 241,624 | ' |
Acquired | Residential Real Estate | Residential First-Investment | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | ' | 2,316,099 |
Recorded Investment | ' | ' |
With no related allowance recorded | ' | 925,696 |
Average Recorded Investment | ' | ' |
With no related allowance recorded | ' | 1,348,140 |
Acquired | Residential Real Estate | First Lien-Owner Occupied | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | ' | 1,629,095 |
With an allowance recorded | 411,891 | 1,620,660 |
Recorded Investment | ' | ' |
With no related allowance recorded | ' | 456,530 |
With an allowance recorded | 412,742 | 1,361,520 |
Related Allowance | ' | ' |
Total | 187,109 | 75,000 |
Average Recorded Investment | ' | ' |
With no related allowance recorded | ' | 620,257 |
With an allowance recorded | 414,020 | 543,133 |
Interest Income Recognized | ' | ' |
With an allowance recorded | 11,460 | ' |
Acquired | Residential Real Estate | Residential Land and A&D | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | ' | 244,700 |
With an allowance recorded | 131,031 | ' |
Recorded Investment | ' | ' |
With no related allowance recorded | ' | 100,000 |
With an allowance recorded | 130,532 | ' |
Related Allowance | ' | ' |
Total | 65,515 | ' |
Average Recorded Investment | ' | ' |
With an allowance recorded | 130,332 | ' |
Interest Income Recognized | ' | ' |
With an allowance recorded | 8,709 | ' |
Acquired | Commercial | ' | ' |
Unpaid Principal Balance | ' | ' |
With no related allowance recorded | 87,387 | 214,697 |
Recorded Investment | ' | ' |
With no related allowance recorded | 87,387 | 126,140 |
Average Recorded Investment | ' | ' |
With no related allowance recorded | 88,508 | ' |
Interest Income Recognized | ' | ' |
With no related allowance recorded | $4,533 | ' |
Loans_and_Allowance_for_Loan_L5
Loans and Allowance for Loan Losses (Details 4) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | item | |
Troubled debt restructurings | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Outstanding Recorded Investment | $60,000 | ' |
Post Modification Outstanding Recorded Investment | 60,000 | ' |
Number of financing receivables that have been modified by troubled debt restructurings | 0 | ' |
Restructured loans | ' | ' |
Troubled debt restructurings | ' | ' |
Number of Contracts | 5 | 5 |
Pre-Modification Outstanding Recorded Investment | 666,970 | 666,970 |
Post Modification Outstanding Recorded Investment | ' | 1,193,260 |
Acquired | Owner Occupied | ' | ' |
Troubled debt restructurings | ' | ' |
Number of Contracts | 1 | ' |
Pre-Modification Outstanding Recorded Investment | 60,000 | ' |
Post Modification Outstanding Recorded Investment | $60,000 | ' |
Loans_and_Allowance_for_Loan_L6
Loans and Allowance for Loan Losses (Details 5) (USD $) | 12 Months Ended | 12 Months Ended | 12 Months Ended | 3 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | ||||||||||||||||||||||||||||||||||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | 10-May-13 | 10-May-13 | Dec. 31, 2013 | 10-May-13 | Dec. 31, 2013 | 10-May-13 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | 10-May-13 | 10-May-13 | 10-May-13 | 10-May-13 | 10-May-13 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | 10-May-13 | 10-May-13 | 10-May-13 | Dec. 31, 2012 | |
Performing loans | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Commercial | Consumer | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | ||||
Performing loans | WSB Holdings, Inc. | WSB Holdings, Inc. | WSB Holdings, Inc. | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Commercial | Commercial | Commercial | Commercial | Commercial | Commercial | Commercial | Commercial | Consumer | ||||||||||||||||
item | item | Performing loans | Risk rated 4 at acquisition | Risk rated 4 at acquisition | Risk rated 5 at acquisition | Risk rated 5 at acquisition | Risk rated 6 at acquisition | Risk rated 6 at acquisition | WSB Holdings, Inc. | WSB Holdings, Inc. | WSB Holdings, Inc. | WSB Holdings, Inc. | WSB Holdings, Inc. | Risk rated 4 at acquisition | Risk rated 4 at acquisition | Risk rated 5 at acquisition | Risk rated 5 at acquisition | Risk rated 6 at acquisition | WSB Holdings, Inc. | WSB Holdings, Inc. | WSB Holdings, Inc. | |||||||||||||||||||||||
Risk rated 4 at acquisition | Risk rated 5 at acquisition | Risk rated 6 at acquisition | Risk rated 7 at acquisition | Risk rated 5 at acquisition | Risk rated 6 at acquisition | |||||||||||||||||||||||||||||||||||||||
Contractually required payments receivable, cash flows we expect to receive, non-accretable credit adjustments and the accretable yield for all acquired impaired loans | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Provision for loan losses for loans acquired with deteriorated credit quality | $215,037 | $834,183 | ' | $0 | ($64,000) | $584,928 | ' | $249,255 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractually Required Payments Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,482,792 | ' | 12,482,792 | 24,930,742 | ' | ' | ' | ' | 12,400,964 | 33,776,230 | 23,422,086 | 3,487,315 | 3,526,864 | 3,554,831 | 3,474,335 | 5,358,818 | 16,420,887 | 33,509,312 | 6,352,445 | 7,346,174 | 19,385,909 | 424,784 | 81,828 | 1,508,656 | 77,914 | 1,371,081 | 3,914 | 50,153 | 87,422 | 266,918 | 33,038 | 233,880 | ' |
Non-Accretable Credit Adjustments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,699,244 | ' | 3,699,244 | 11,566,860 | ' | ' | ' | 2,500,000 | 3,692,343 | 12,672,309 | 11,266,286 | 457,567 | 482,256 | 1,777,689 | 1,706,877 | 1,457,087 | 9,077,153 | 12,512,159 | 2,155,197 | 1,938,104 | 8,261,491 | 157,367 | 6,901 | 300,574 | 5,104 | 205,662 | 1,797 | 42,882 | 52,030 | 160,150 | 19,822 | 140,328 | ' |
Cash Flows Expected To Be Collected | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,783,548 | ' | 8,783,548 | 13,363,882 | ' | ' | ' | ' | 8,708,621 | 21,103,921 | 12,155,800 | 3,029,748 | 3,044,608 | 1,777,142 | 1,767,458 | 3,901,731 | 7,343,734 | 20,997,153 | 4,197,248 | 5,408,070 | 11,124,418 | 267,417 | 74,927 | 1,208,082 | 72,810 | 1,165,419 | 2,117 | 7,271 | 35,392 | 106,768 | 13,216 | 93,552 | ' |
Accretable Yield | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,771 | ' | 40,771 | ' | ' | ' | 40,771 | ' | 40,771 | 2,746,647 | ' | -17,431 | ' | 58,202 | ' | ' | ' | 2,735,861 | 655,823 | 643,135 | 1,497,052 | -60,149 | ' | ' | ' | ' | ' | ' | ' | 10,786 | 21 | 10,765 | ' |
Loans Receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,742,777 | ' | 8,742,777 | 13,363,882 | ' | ' | ' | ' | 8,667,850 | 18,357,274 | 12,155,800 | 3,047,179 | 3,044,608 | 1,718,940 | 1,767,458 | 3,901,731 | 7,343,734 | 18,261,292 | 3,541,425 | 4,764,935 | 9,627,366 | 327,566 | 74,927 | 1,208,082 | 72,810 | 1,165,419 | 2,117 | 7,271 | 35,392 | 95,982 | 13,195 | 82,787 | ' |
Accretable Yield | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,771 | 2,746,647 | ' | -17,431 | ' | 58,202 | ' | ' | ' | 2,735,861 | 655,823 | 643,135 | 1,497,052 | -60,149 | ' | ' | ' | ' | ' | ' | ' | 10,786 | 21 | 10,765 | ' |
Additions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,746,647 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accreted to income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -3,841,252 | 3,343,955 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification from non-accretable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,823,134 | -3,343,955 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -2,687,758 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Ending balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40,771 | ' | 40,771 | ' | ' | ' | 40,771 | ' | 40,771 | 2,746,647 | ' | -17,431 | ' | 58,202 | ' | ' | ' | 2,735,861 | 655,823 | 643,135 | 1,497,052 | -60,149 | ' | ' | ' | ' | ' | ' | ' | 10,786 | 21 | 10,765 | ' |
Additional information | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Carryover of related allowance for loan losses | 4,929,213 | 3,965,347 | 3,741,271 | ' | 841,234 | 2,826,584 | 2,123,068 | 755,954 | 495,051 | 922,310 | 23,533 | 531,661 | ' | 531,661 | 316,624 | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of pools in which loan portfolio were segregated | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of loans considered for determination of net discounted value of cash flows | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 450 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount of loans considered for determination of net discounted value of cash flows | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 143,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contractually required payments receivable on loans sold in orderly transaction between market participants used in the valuation of acquired loans at acquisition date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net premium calculated in the valuation at the acquisition date of acquired loans of loans sold in orderly transaction between market participants | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,200,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Non-accretable credit adjustments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,699,244 | ' | 3,699,244 | 11,566,860 | ' | ' | ' | 2,500,000 | 3,692,343 | 12,672,309 | 11,266,286 | 457,567 | 482,256 | 1,777,689 | 1,706,877 | 1,457,087 | 9,077,153 | 12,512,159 | 2,155,197 | 1,938,104 | 8,261,491 | 157,367 | 6,901 | 300,574 | 5,104 | 205,662 | 1,797 | 42,882 | 52,030 | 160,150 | 19,822 | 140,328 | ' |
Number of loans impaired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 128 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Re-classified acquired loans to available for sale | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 21,100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquired loan disposed off | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 22,600,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Proceeds from disposal of acquired loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loans that were over 90 days past due | $1,654,560 | $6,410 | ' | ' | $5,251,265 | ' | ' | ' | ' | ' | $14,426 | $1,654,560 | ' | $1,654,560 | $6,410 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $6,410 |
Loans_and_Allowance_for_Loan_L7
Loans and Allowance for Loan Losses (Details 6) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2012 |
Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Consumer | Consumer | Installment and other consumer loans and real estate loans | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Legacy | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | Acquired | |||
Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | HELOC and Jr. Liens | HELOC and Jr. Liens | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Consumer | Consumer | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Consumer | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Consumer | Consumer | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Consumer | Consumer | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Pass (1-5) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Special Mention (6) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Substandard (7) | Loss (9) | ||||||||||||||||||||||
Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | HELOC and Jr. Liens | HELOC and Jr. Liens | Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | HELOC and Jr. Liens | HELOC and Jr. Liens | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Consumer | Consumer | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Consumer | Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | HELOC and Jr. Liens | HELOC and Jr. Liens | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Consumer | Consumer | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Commercial Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Residential Real Estate | Commercial | Commercial | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | HELOC and Jr. Liens | HELOC and Jr. Liens | Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | Land and A&D | Land and A&D | Owner Occupied | Investment | Investment | Hospitality | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Owner Occupied | Owner Occupied | Investment | Investment | Hospitality | Land and A&D | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | HELOC and Jr. Liens | HELOC and Jr. Liens | Owner Occupied | Investment | Investment | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Owner Occupied | Owner Occupied | Investment | Land and A&D | First-Investment | First-Investment | First-Owner Occupied | First-Owner Occupied | Land and A&D | Land and A&D | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Credit quality indicators | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Loss ratio period considered | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '3 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Account balance | $851,157,629 | $598,016,292 | $534,321,044 | $379,393,440 | $193,208,087 | $179,578,001 | $216,280,347 | $112,574,641 | $75,837,626 | $61,278,653 | $48,994,984 | $25,962,145 | $205,047,827 | $129,381,138 | $73,658,530 | $45,625,255 | $76,157,441 | $36,093,207 | $33,570,233 | $27,994,054 | $21,661,623 | $19,668,622 | $100,790,390 | $78,237,257 | $10,998,368 | $11,004,457 | ' | $817,499,916 | $566,790,572 | $187,034,881 | $176,256,376 | $211,056,829 | $109,066,692 | $71,364,282 | $56,746,375 | $45,531,716 | $21,599,868 | $71,167,772 | $41,708,840 | $73,296,814 | $32,041,905 | $30,457,289 | $25,502,985 | $21,661,622 | $19,668,622 | $94,944,770 | $73,202,120 | $10,983,941 | $10,996,789 | $16,415,625 | $17,874,909 | $3,438,754 | $1,375,435 | $2,268,161 | $2,149,192 | $4,532,278 | $3,463,269 | $3,311,001 | $1,840,045 | $2,594,234 | $850,074 | $667,693 | $2,066,763 | $1,899,445 | $2,488,559 | $1,345,631 | $17,242,088 | $13,350,811 | $2,734,452 | $1,946,190 | $2,955,359 | $1,408,925 | $4,473,345 | $1,051,276 | $650,711 | $1,322,181 | $2,010,552 | $3,341,110 | $1,046,181 | $591,624 | $3,357,061 | $3,689,505 | $14,427 | $630,290,012 | $465,244,910 | $163,105,356 | $143,659,006 | $162,188,671 | $86,718,482 | $67,291,387 | $61,278,653 | $40,595,806 | $22,633,751 | $45,294,434 | $27,872,303 | $13,909,939 | $6,794,384 | $19,845,291 | $20,191,960 | $18,302,560 | $16,405,433 | $10,127,525 | $9,944,466 | $608,110,719 | $445,567,117 | $159,945,564 | $142,283,571 | $159,392,609 | $83,869,949 | $62,818,042 | $56,746,375 | $37,383,344 | $18,971,474 | $44,064,312 | $26,770,315 | $12,896,971 | $5,842,098 | $17,778,528 | $18,976,502 | $18,302,559 | $16,405,433 | $85,415,692 | $65,763,830 | $10,113,098 | $9,937,570 | $11,057,527 | $14,182,316 | $1,310,107 | $1,375,435 | $1,432,243 | $1,446,504 | $4,532,278 | $3,212,463 | $3,311,001 | $1,106,938 | $963,280 | $87,154 | $2,066,763 | $1,215,458 | $1,841,859 | $1,338,360 | $11,121,766 | $5,495,477 | $1,849,685 | $1,363,821 | $1,408,925 | $4,473,345 | $351,276 | $123,183 | $138,708 | $925,812 | $952,287 | $2,371,493 | $2,644,281 | $14,427 | $220,867,617 | $132,771,382 | $30,102,731 | $35,918,995 | $54,091,676 | $25,856,159 | $8,546,239 | $8,399,178 | $3,328,394 | $28,364,096 | $17,752,952 | $62,247,502 | $29,298,823 | $13,724,942 | $7,802,094 | $3,359,063 | $3,263,189 | $870,843 | $1,059,991 | $209,389,197 | $121,223,455 | $27,089,317 | $33,972,805 | $51,664,220 | $25,196,743 | $8,546,240 | $8,148,372 | $2,628,394 | $27,103,460 | $14,938,525 | $60,399,843 | $26,199,807 | $12,678,761 | $6,526,483 | $3,359,063 | $3,263,189 | $9,529,078 | $7,438,290 | $870,843 | $1,059,219 | $5,358,098 | $3,692,593 | $2,128,647 | $835,918 | $702,688 | $250,806 | $733,107 | $1,630,954 | $762,920 | $667,693 | $683,987 | $646,700 | $7,271 | $6,120,322 | $7,855,334 | $884,767 | $1,946,190 | $1,591,538 | $700,000 | $527,528 | $1,183,473 | $1,084,740 | $2,388,823 | $1,046,181 | $591,624 | $985,568 | $1,045,224 | $0 |
Loans_and_Allowance_for_Loan_L8
Loans and Allowance for Loan Losses (Details 7) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Activity in the allowance for loan losses | ' | ' | ' |
Beginning balance | $3,965,347 | $3,741,271 | ' |
General provision for loan losses | -1,504,190 | -1,525,000 | -1,800,000 |
Provision balance transferred | 5,254,500 | ' | ' |
Provision for loan losses for loans acquired with deteriorated credit quality | 215,037 | 834,183 | ' |
Recoveries | 279,640 | 222,156 | ' |
Allowance for loan losses before charge offs | 5,749,177 | 5,488,427 | ' |
Loans charged off | -819,964 | -1,523,080 | ' |
Ending Balance | 4,929,213 | 3,965,347 | 3,741,271 |
Amount allocated to: | ' | ' | ' |
Ending balance | 4,929,213 | 3,965,347 | 3,741,271 |
Legacy | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Ending Balance | 4,397,552 | 3,648,723 | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 1,890,233 | 125,000 | ' |
Other loans not individually evaluated | 2,507,319 | 3,523,723 | ' |
Ending balance | 4,397,552 | 3,648,723 | ' |
Acquired | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Ending Balance | 531,661 | 316,624 | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 531,661 | 316,624 | ' |
Ending balance | 531,661 | 316,624 | ' |
Commercial | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Beginning balance | 755,954 | 922,310 | ' |
General provision for loan losses | ' | -181,118 | ' |
Provision balance transferred | 597,739 | ' | ' |
Provision for loan losses for loans acquired with deteriorated credit quality | ' | 249,255 | ' |
Recoveries | 141 | 82,260 | ' |
Allowance for loan losses before charge offs | 597,880 | 1,072,707 | ' |
Loans charged off | -102,829 | -316,753 | ' |
Ending Balance | 495,051 | 755,954 | ' |
Amount allocated to: | ' | ' | ' |
Ending balance | 495,051 | 755,954 | ' |
Commercial | Legacy | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 191,753 | ' | ' |
Other loans not individually evaluated | 303,298 | 755,954 | ' |
Commercial Real Estate | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Provision balance transferred | 3,359,989 | ' | ' |
Provision for loan losses for loans acquired with deteriorated credit quality | 279,037 | ' | ' |
Recoveries | 32,964 | ' | ' |
Allowance for loan losses before charge offs | 3,671,990 | ' | ' |
Loans charged off | -102,595 | ' | ' |
Ending Balance | 3,569,395 | ' | ' |
Amount allocated to: | ' | ' | ' |
Ending balance | 3,569,395 | ' | ' |
Commercial Real Estate | Legacy | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 1,523,640 | ' | ' |
Other loans not individually evaluated | 1,766,918 | ' | ' |
Commercial Real Estate | Acquired | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 279,037 | ' | ' |
Residential real estate | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Beginning balance | 2,826,584 | 2,123,068 | ' |
General provision for loan losses | ' | 1,056,287 | ' |
Provision balance transferred | 1,260,579 | ' | ' |
Provision for loan losses for loans acquired with deteriorated credit quality | -64,000 | 584,928 | ' |
Recoveries | 169,469 | 32,636 | ' |
Allowance for loan losses before charge offs | 1,366,048 | 3,796,919 | ' |
Loans charged off | -524,814 | -970,335 | ' |
Ending Balance | 841,234 | 2,826,584 | ' |
Amount allocated to: | ' | ' | ' |
Ending balance | 841,234 | 2,826,584 | ' |
Residential real estate | Legacy | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 167,450 | 125,000 | ' |
Other loans not individually evaluated | 421,160 | 2,384,960 | ' |
Residential real estate | Acquired | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 252,624 | 316,624 | ' |
Other consumer | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Beginning balance | ' | 130,653 | ' |
General provision for loan losses | ' | -40,007 | ' |
Recoveries | ' | 107,260 | ' |
Allowance for loan losses before charge offs | ' | 277,920 | ' |
Loans charged off | ' | -144,039 | ' |
Ending Balance | ' | 133,881 | ' |
Amount allocated to: | ' | ' | ' |
Ending balance | ' | 133,881 | ' |
Other consumer | Legacy | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Other loans not individually evaluated | ' | 133,881 | ' |
Consumer | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Provision balance transferred | 36,193 | ' | ' |
Recoveries | 77,066 | ' | ' |
Allowance for loan losses before charge offs | 113,259 | ' | ' |
Loans charged off | -89,726 | ' | ' |
Ending Balance | 23,533 | ' | ' |
Amount allocated to: | ' | ' | ' |
Ending balance | 23,533 | ' | ' |
Consumer | Legacy | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Individually evaluated for impairment | 7,390 | ' | ' |
Other loans not individually evaluated | 16,143 | ' | ' |
Boats | ' | ' | ' |
Activity in the allowance for loan losses | ' | ' | ' |
Beginning balance | ' | 565,240 | ' |
General provision for loan losses | ' | -224,359 | ' |
Allowance for loan losses before charge offs | ' | 340,881 | ' |
Loans charged off | ' | -91,953 | ' |
Ending Balance | ' | 248,928 | ' |
Amount allocated to: | ' | ' | ' |
Ending balance | ' | 248,928 | ' |
Boats | Legacy | ' | ' | ' |
Amount allocated to: | ' | ' | ' |
Other loans not individually evaluated | ' | $248,928 | ' |
Loans_and_Allowance_for_Loan_L9
Loans and Allowance for Loan Losses (Details 8) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Ending balance | $851,157,629 | $598,016,292 |
Commercial | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Ending balance | 100,790,390 | 78,237,257 |
Commercial Real Estate | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Ending balance | 534,321,044 | 379,393,440 |
Residential Real Estate | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Ending balance | 205,047,827 | 129,381,138 |
Consumer | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Ending balance | 10,998,368 | 11,004,457 |
Legacy | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 7,504,325 | 849,462 |
Individually evaluated for impairment without specific reserve | 4,109,244 | 4,645,078 |
Other loans not individually evaluated | 618,676,443 | 459,750,370 |
Ending balance | 630,290,012 | 465,244,910 |
Legacy | Commercial | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 459,439 | ' |
Individually evaluated for impairment without specific reserve | 2,136,376 | 2,644,280 |
Other loans not individually evaluated | 87,033,228 | 67,102,192 |
Legacy | Commercial Real Estate | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 6,111,682 | 351,276 |
Individually evaluated for impairment without specific reserve | 1,849,685 | 1,408,925 |
Other loans not individually evaluated | 425,219,853 | 312,529,691 |
Legacy | Residential Real Estate | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 925,814 | 498,186 |
Individually evaluated for impairment without specific reserve | 123,183 | 591,873 |
Other loans not individually evaluated | 96,303,227 | 70,174,021 |
Legacy | Consumer | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 7,390 | ' |
Other loans not individually evaluated | 10,120,135 | 9,944,466 |
Ending balance | 10,127,525 | 9,944,466 |
Acquired | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 919,324 | 1,603,144 |
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) | 666,970 | ' |
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition) | 241,624 | ' |
Collectively evaluated for impairment without reserve | 219,039,699 | 131,168,238 |
Ending balance | 220,867,617 | 132,771,382 |
Acquired | Commercial | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Collectively evaluated for impairment without reserve | 11,073,960 | 8,490,785 |
Acquired | Commercial Real Estate | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 376,050 | ' |
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) | 579,583 | ' |
Collectively evaluated for impairment without reserve | 100,184,191 | 65,103,548 |
Acquired | Residential Real Estate | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment with specific reserve | 543,274 | 1,603,144 |
Individually evaluated for impairment without specific reserve (ASC 310-30 at acquisition) | 241,624 | ' |
Collectively evaluated for impairment without reserve | 106,910,705 | 56,513,914 |
Acquired | Consumer | ' | ' |
Recorded investment in loans related to each balance in the allowance for possible loan losses by portfolio segment and disaggregated on the basis of impairment methodology | ' | ' |
Individually evaluated for impairment without specific reserve (ASC 310-20 at acquisition) | 87,387 | ' |
Collectively evaluated for impairment without reserve | 870,843 | 1,059,991 |
Ending balance | $870,843 | $1,059,991 |
Recovered_Sheet1
Loans and Allowance for Loan Losses (Details 9) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Loans and Allowance for Loan Losses | ' | ' |
Within one year | $251,460,974 | $194,007,785 |
Over one to five years | 342,132,684 | 318,094,237 |
Over five years | 257,563,971 | 85,914,270 |
Total loans | 851,157,629 | 598,016,292 |
Loans pledged to support Federal Home Loan Bank borrowings | $268,630,545 | ' |
Equity_Securities_Details
Equity Securities (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Equity securities | ' | ' |
Total equity securities | $5,669,807 | $3,615,444 |
Federal Reserve Bank stock | ' | ' |
Equity securities | ' | ' |
Total equity securities | 2,919,700 | 1,553,250 |
Atlantic Central Bankers Bank stock | ' | ' |
Equity securities | ' | ' |
Total equity securities | 189,500 | 119,500 |
Federal Home Loan Bank stock | ' | ' |
Equity securities | ' | ' |
Total equity securities | 1,994,200 | 1,520,400 |
SLMA stock | ' | ' |
Equity securities | ' | ' |
Total equity securities | 413,910 | 269,798 |
Maryland Financial Bank stock | ' | ' |
Equity securities | ' | ' |
Total equity securities | $152,497 | $152,496 |
Pointer_Ridge_Office_Investmen2
Pointer Ridge Office Investment, LLC (Details) (USD $) | 12 Months Ended | |||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | |
Condensed Balance Sheets | ' | ' | ' | ' |
Liabilities | $1,040,673,806 | $786,603,316 | ' | ' |
Equity | 126,549,318 | 75,253,161 | 68,496,638 | 37,658,750 |
Condensed Statements of Income | ' | ' | ' | ' |
Net income | 7,747,205 | 7,465,339 | 5,231,652 | ' |
Pointer Ridge | ' | ' | ' | ' |
Pointer Ridge Office Investment, LLC | ' | ' | ' | ' |
Ownership percentage | 62.50% | ' | ' | ' |
Condensed Balance Sheets | ' | ' | ' | ' |
Current assets | 286,206 | 313,165 | ' | ' |
Non-current assets | 6,622,560 | 6,938,990 | ' | ' |
Liabilities | 6,108,972 | 6,208,029 | ' | ' |
Equity | 799,794 | 1,044,126 | ' | ' |
Condensed Statements of Income | ' | ' | ' | ' |
Revenue | 909,312 | 842,230 | 765,044 | ' |
Expenses | 1,153,644 | 1,015,897 | 1,160,562 | ' |
Net income | ($244,332) | ($173,667) | ($395,518) | ' |
Premises_and_Equipment_Details
Premises and Equipment (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Premises and equipment | ' | ' |
Gross premises and equipment | $42,545,512 | $30,731,179 |
Accumulated depreciation | 7,329,644 | 5,598,166 |
Net premises and equipment | 35,215,868 | 25,133,013 |
Depreciation expense | 1,775,547 | 1,374,866 |
Land | ' | ' |
Premises and equipment | ' | ' |
Gross premises and equipment | 5,499,237 | 4,460,943 |
Building | ' | ' |
Premises and equipment | ' | ' |
Gross premises and equipment | 26,910,046 | 16,158,842 |
Leasehold improvements | ' | ' |
Premises and equipment | ' | ' |
Gross premises and equipment | 4,638,258 | 5,494,997 |
Furniture and equipment | ' | ' |
Premises and equipment | ' | ' |
Gross premises and equipment | $5,497,971 | $4,616,397 |
Deposits_Details
Deposits (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Major classifications of interest bearing deposits | ' | ' | ' |
Money market and NOW | $294,049,868 | $171,477,751 | ' |
Savings | 85,142,831 | 64,312,830 | ' |
Other time deposits-$100,000 and over | 189,825,021 | 189,590,952 | ' |
Other time deposits | 176,608,142 | 121,181,022 | ' |
Interest bearing deposits | 745,625,862 | 546,562,555 | ' |
Maturities of time deposit | ' | ' | ' |
Within three months | 66,727,567 | 76,827,590 | ' |
Over three to twelve months | 148,921,752 | 150,721,575 | ' |
Over one to three years | 118,135,060 | 66,549,304 | ' |
Over three to five years | 32,648,784 | 16,673,505 | ' |
Total | 366,433,163 | 310,771,974 | ' |
Components of Interest on deposits | ' | ' | ' |
Money market and NOW | 614,402 | 549,234 | 615,337 |
Savings | 137,293 | 193,036 | 154,573 |
Other time deposits - $100,000 and over | 1,311,454 | 1,758,131 | 1,898,868 |
Other time deposits | 1,652,895 | 1,734,706 | 1,720,916 |
Interest on deposits | $3,716,044 | $4,235,107 | $4,389,694 |
Short_Term_Borrowings_Details
Short Term Borrowings (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Short term borrowings | ' | ' |
Amount outstanding at year end | $49,530,125 | $37,905,467 |
Average for the year | 37,907,160 | 41,265,105 |
Maximum Amount Borrowed During Any Month End Period | 61,308,414 | 54,819,634 |
Short term promissory notes | ' | ' |
Short term borrowings | ' | ' |
Amount outstanding at year end | 7,773,704 | 6,332,804 |
Interest rate at year end (as a percent) | 0.15% | 0.15% |
Average for the year | 6,435,181 | 7,877,649 |
Average interest rate for the year (as a percent) | 0.15% | 0.17% |
Maximum Amount Borrowed During Any Month End Period | 7,773,704 | 9,652,162 |
Short term promissory notes | Maximum | ' | ' |
Short term borrowings | ' | ' |
Maturity term | '270 days | ' |
Repurchase agreements | ' | ' |
Short term borrowings | ' | ' |
Amount outstanding at year end | 29,756,421 | 24,572,663 |
Interest rate at year end (as a percent) | 0.10% | 0.10% |
Average for the year | 25,940,598 | 23,704,406 |
Average interest rate for the year (as a percent) | 0.10% | 0.44% |
Maximum Amount Borrowed During Any Month End Period | 31,784,710 | 28,167,472 |
Book values of securities pledged as collateral for repurchase agreements | 29,932,092 | ' |
Market values of securities pledged as collateral for repurchase agreements | 29,614,628 | ' |
FHLB overnight advance | ' | ' |
Short term borrowings | ' | ' |
Amount outstanding at year end | 12,000,000 | 7,000,000 |
Interest rate at year end (as a percent) | 0.35% | 0.35% |
Average for the year | 5,531,381 | 19,126 |
Average interest rate for the year (as a percent) | 0.37% | 0.39% |
Maximum Amount Borrowed During Any Month End Period | 21,750,000 | 7,000,000 |
FHLB advances | ' | ' |
Short term borrowings | ' | ' |
Average for the year | ' | 9,663,924 |
Average interest rate for the year (as a percent) | ' | 3.12% |
FHLB advance due Dec. 2012 | ' | ' |
Short term borrowings | ' | ' |
Maximum Amount Borrowed During Any Month End Period | ' | 5,000,000 |
FHLB advance due Dec. 2012 | ' | ' |
Short term borrowings | ' | ' |
Maximum Amount Borrowed During Any Month End Period | ' | 5,000,000 |
Bancshares | Line of credit | ' | ' |
Short term borrowings | ' | ' |
Maximum borrowing capacity | 5,000,000 | ' |
Old Line Bank | Line of credit | ' | ' |
Short term borrowings | ' | ' |
Maximum borrowing capacity | 24,500,000 | ' |
Old Line Bank | Line of credit | FHLB | ' | ' |
Short term borrowings | ' | ' |
Additional secured line of credit from the (FHLB) | 351,900,000 | ' |
Value of collateral provided | 268,600,000 | ' |
Amount borrowed from FHLB | 12,000,000 | ' |
Additional available borrowing capacity from FHLB | $339,900,000 | ' |
Old Line Bank | Line of credit | FHLB | Maximum | ' | ' |
Short term borrowings | ' | ' |
Remaining maturity period | '1 year | ' |
Long_Term_Borrowings_Details
Long Term Borrowings (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
Long term borrowings | ' | ' |
Amount outstanding at year end | $6,093,074 | $6,192,350 |
Principal payments on long term debt obligations | ' | ' |
2014 | 105,843 | ' |
2015 | 112,782 | ' |
2016 | 5,874,449 | ' |
Total | 6,093,074 | 6,192,350 |
Senior note | Pointer Ridge | ' | ' |
Long term borrowings | ' | ' |
Debt term | '10 years | ' |
Fixed interest rate (as a percent) | 6.28% | 6.28% |
Amount outstanding at year end | 6,093,074 | 6,192,350 |
Average for the year | 6,139,058 | 6,235,309 |
Principal payments on long term debt obligations | ' | ' |
Total | $6,093,074 | $6,192,350 |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 12 Months Ended | ||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Nov. 01, 2008 | Oct. 30, 2008 | |
Related Party Transactions | ' | ' | ' | ' | ' |
Amounts paid to related parties | $266,059 | $261,234 | $188,250 | ' | ' |
Directors, executive officers and their affiliated companies | ' | ' | ' | ' | ' |
Related Party Transactions | ' | ' | ' | ' | ' |
Related party deposits liability | 13,217,801 | 9,876,152 | ' | ' | ' |
Changes in amounts of loans outstanding to directors and executive officers or their affiliated companies | ' | ' | ' | ' | ' |
Balance at beginning of year | 1,236,329 | 1,833,294 | ' | ' | ' |
Additions | 4,325,954 | 672,561 | ' | ' | ' |
Repayments | -817,918 | -1,269,526 | ' | ' | ' |
Balance at end of year | 4,744,365 | 1,236,329 | ' | ' | ' |
Unused commitments | 707,327 | ' | ' | ' | ' |
Lucente Enterprises, Inc. | Frank Lucente | ' | ' | ' | ' | ' |
Related Party Transactions | ' | ' | ' | ' | ' |
Percentage of ownership interest | ' | ' | ' | 52.00% | ' |
Pointer Ridge | ' | ' | ' | ' | ' |
Related Party Transactions | ' | ' | ' | ' | ' |
Ownership percentage | ' | ' | ' | 62.50% | 50.00% |
Lease payments made | 738,576 | 704,128 | 558,558 | ' | ' |
Pointer Ridge | Chesapeake Custom Homes, L.L.C. | ' | ' | ' | ' | ' |
Related Party Transactions | ' | ' | ' | ' | ' |
Ownership percentage acquired | ' | ' | ' | 12.50% | ' |
Book value of membership interest acquired | ' | ' | ' | 205,000 | ' |
Pointer Ridge | Lucente Enterprises, Inc. | ' | ' | ' | ' | ' |
Related Party Transactions | ' | ' | ' | ' | ' |
Percentage of ownership interest | ' | ' | ' | 12.50% | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Current | ' | ' | ' |
Federal | $2,147,375 | $1,815,517 | $1,797,275 |
State | 713,723 | 603,376 | 641,007 |
Current | 2,861,098 | 2,418,893 | 2,438,282 |
Deferred | ' | ' | ' |
Federal | 740,985 | 301,553 | -511,658 |
Income tax expense | 3,602,083 | 2,720,446 | 1,926,624 |
Components of deferred income taxes | ' | ' | ' |
Provision for loan losses | -555,836 | -175,245 | -531,583 |
Non-accrual interest | -122,216 | -112,470 | -194,030 |
Impairment losses and expenses on other real estate owned | 1,035,745 | 22,592 | 190,619 |
Director stock options | 37,074 | -13,605 | -15,247 |
Deferred compensation plans | -116,672 | -100,634 | 4,450 |
Deferred loan origination costs, net | 126,019 | 138,741 | 97,363 |
Depreciation | -4,948 | 101,583 | 421,006 |
Mark-to-market tax accounting for acquired securities | 186,939 | -60,282 | -818,015 |
Net operating loss carryover | 682,887 | 307,597 | 255,117 |
Accretion of fair value adjustments for acquired assets and liabilities | ' | 1,383,679 | 869,554 |
Investment impairment loss | ' | ' | -48,320 |
Non-compete and consulting agreements | -36,815 | -36,815 | 54,237 |
Core deposit intangible amortization | -330,822 | -286,932 | -230,368 |
Defined benefit plan | -85,784 | -320,717 | -65,041 |
Other | -74,586 | ' | -1,400 |
Reduction of valuation allowance | ' | ($545,939) | ($500,000) |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Deferred tax assets | ' | ' | ' |
Allowance for loan losses | $1,710,004 | $1,154,307 | ' |
Non-accrual interest | 1,762,289 | 776,633 | ' |
Impairment losses and expenses on other real estate owned | 3,669,035 | 2,131,510 | ' |
Director stock options | 38,813 | 59,415 | ' |
Deferred compensation plans | 1,849,599 | 1,732,927 | ' |
Net operating loss carryover | 4,922,954 | 1,098,769 | ' |
Fair value adjustments for acquired assets and liabilities | 10,167,762 | 4,456,480 | ' |
Investment impairment loss | 48,320 | 48,320 | ' |
Non-compete agreements | 101,242 | 64,427 | ' |
Deferred loan origination costs, net | 23,061 | ' | ' |
Other | 225,205 | ' | ' |
Net unrealized loss on securities available for sale | 2,477,598 | ' | ' |
Deferred tax assets | 26,995,882 | 11,522,788 | ' |
Deferred tax liabilities | ' | ' | ' |
Deferred loan origination costs, net | ' | 546,554 | ' |
Depreciation | 3,042,151 | 1,406,527 | ' |
Core deposit intangible amortization | 2,085,655 | 1,456,101 | ' |
Defined benefit plan | ' | 85,784 | ' |
Net unrealized gain on securities available for sale | ' | 888,277 | ' |
Deferred tax liabilities | 5,127,806 | 4,383,243 | ' |
Net deferred tax asset before valuation allowance | 21,868,076 | 7,139,545 | ' |
Net deferred tax asset | 21,868,076 | 7,139,545 | ' |
Valuation allowance for deferred tax asset | $0 | $0 | ' |
Reconciliation of the differences between the federal income tax rate and effective tax rate | ' | ' | ' |
Statutory federal income tax rate (as a percent) | 34.00% | 34.00% | 34.00% |
Increase (decrease) resulting from | ' | ' | ' |
State income taxes, net of federal income tax benefit (as a percent) | 4.90% | 4.90% | 5.10% |
Bank owned life insurance (as a percent) | -2.10% | -1.40% | -2.90% |
Other tax exempt income (as a percent) | -8.10% | -7.30% | -4.40% |
Stock based compensation awards (as a percent) | 0.40% | 0.40% | 0.40% |
Other non-deductible expenses (as a percent) | 2.70% | 1.30% | 1.00% |
Reduction of valuation allowance for deferred tax asset (as a percent) | ' | -5.40% | -7.00% |
Net income attributable to the non-controlling interest (as a percent) | ' | 0.20% | 0.70% |
Effective tax rate (as a percent) | 31.80% | 26.70% | 26.90% |
Income_Taxes_Details_3
Income Taxes (Details 3) (USD $) | 12 Months Ended | 3 Months Ended | 12 Months Ended | 12 Months Ended | |||||||||
Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Apr. 01, 2011 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | 31-May-13 | |
Maryland Bankcorp | Maryland Bankcorp | Maryland Bankcorp | Maryland Bankcorp | Maryland Bankcorp | Maryland Bankcorp | Maryland Bankcorp | Maryland Bankcorp | WSB Holdings | WSB Holdings | ||||
2030 | Maximum | ||||||||||||
Income taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Initially recorded valuation allowance for deferred tax asset | ' | ' | ' | ' | ' | ' | ' | ' | $1,200,000 | ' | ' | ' | ' |
Valuation allowance applied to deferred tax liabilities associated with the defined benefit plan | ' | ' | ' | ' | ' | 154,000 | ' | ' | ' | ' | ' | ' | ' |
Reduction of valuation allowance | 545,939 | 500,000 | ' | 545,939 | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' |
NOL carryovers | ' | ' | ' | ' | ' | ' | ' | ' | 3,540,000 | 2,000,000 | ' | 11,200,000 | 12,100,000 |
NOL utilized | ' | ' | ' | ' | ' | ' | 779,812 | 571,713 | ' | ' | ' | 951,426 | ' |
Amount of NOL carryovers able to deduct per year for 2013 and thereafter | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 779,812 | ' | ' |
Unrecognized tax benefit | $0 | ' | $0 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Employee_Benefits_Details
Employee Benefits (Details) (USD $) | 12 Months Ended | 0 Months Ended | |||||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2013 | Nov. 01, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
MB&T | MB&T | MB&T | MB&T | ||||
Employee pension plan | Certificates of Deposit | Money market account | |||||
Employee Benefits | ' | ' | ' | ' | ' | ' | ' |
Employees contribution under 401(k) (as a percent) | 4.00% | ' | ' | ' | ' | ' | ' |
Employer's contributions to the plan | $439,647 | $297,213 | $302,615 | ' | ' | ' | ' |
Accrued liability for SERPs | 4,900,000 | 4,600,000 | ' | ' | ' | ' | ' |
Expenses recognized for SERPs | 608,890 | 497,709 | -11,282 | ' | ' | ' | ' |
Employee stock ownership plan | ' | ' | ' | ' | ' | ' | ' |
Number of shares under the employee stock ownership plan | ' | ' | ' | 98,934 | ' | ' | ' |
Plan assets owned | ' | ' | ' | ' | ' | 19,000 | 21,044 |
Pension plan liability | 4,921,241 | 4,615,699 | ' | ' | 2,116,489 | ' | ' |
Termination expense of the pension plan | ' | $700,884 | ' | ' | $700,884 | ' | ' |
Employee_Benefits_Details_2
Employee Benefits (Details 2) (USD $) | 0 Months Ended | 12 Months Ended | |
Apr. 01, 2011 | Dec. 31, 2012 | Dec. 31, 2011 | |
Net period pension cost (income) | ' | ' | ' |
Interest cost | ' | $811,879 | $164,889 |
Settlement cost | ' | 22,339 | 27,023 |
Net periodic pension cost | ' | 834,218 | 191,912 |
Change in Benefit Obligations | ' | ' | ' |
Projected benefit obligation at beginning of year | ' | 1,877,678 | 3,757,870 |
Interest cost | ' | 811,879 | 164,889 |
Actual return | ' | -50,327 | -47,629 |
Actuarial (gain) loss | ' | -16,668 | 1,734 |
Purchase of annuity contracts | ' | -2,116,489 | ' |
Benefits paid | ' | -506,073 | -2,046,815 |
Projected benefit obligation at end of year | ' | ' | 1,877,678 |
Change in Plan Assets | ' | ' | ' |
Fair value of plan assets at beginning of year | ' | 2,908,229 | 5,002,673 |
Actual return on plan assets | ' | -50,327 | -47,629 |
Purchase of annuity contracts | ' | -2,116,489 | ' |
Benefits paid | ' | -506,073 | -2,046,815 |
Assets transferred to 401K | ' | -235,340 | ' |
Fair value of plan assets at end of year | ' | ' | 2,908,229 |
Funded status at end of year | ' | ' | 1,030,551 |
Amounts recognized in balance sheet | ' | ' | ' |
Non-current assets | ' | ' | 1,030,551 |
Amounts recognized in balance sheet | ' | ' | 1,030,551 |
Amounts recognized in accumulated other comprehensive income | ' | ' | ' |
Net (gain) loss | ' | 22,339 | 49,363 |
Settlement effect | ' | -22,339 | -27,024 |
Total | ' | ' | $22,339 |
Weighted average assumptions used to determine net periodic pension costs and the accumulated benefits | ' | ' | ' |
Discount rate (as a percent) | 6.00% | ' | 5.50% |
Discount rate (as a percent) | 6.00% | ' | 5.50% |
Employee_Benefits_Details_3
Employee Benefits (Details 3) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
item | |||
2010 Equity Incentive Plan | ' | ' | ' |
Stock based compensation | ' | ' | ' |
Increased shares after amendment approval by stockholders | 450,000 | ' | ' |
Stock options | ' | ' | ' |
Stock based compensation | ' | ' | ' |
Number of equity incentive plans | 2 | ' | ' |
Shares available for future issuance | 548,153 | ' | ' |
Number of shares | ' | ' | ' |
Outstanding, beginning of year (in shares) | 398,958 | 325,331 | 310,151 |
Options granted (in shares) | 57,712 | 94,627 | 23,280 |
Options exercised (in shares) | -79,148 | -17,500 | -8,100 |
Options forfeited (in shares) | -14,539 | -3,500 | ' |
Outstanding, end of year (in shares) | 362,983 | 398,958 | 325,331 |
Weighted average exercise price | ' | ' | ' |
Outstanding, beginning of year (in dollars per share) | $8.71 | $8.65 | $8.60 |
Options granted (in dollars per share) | $12.15 | $8.47 | $7.82 |
Options exercised (in dollars per share) | $8.83 | $6.55 | $4.39 |
Options forfeited (in dollars per share) | $9.70 | $7.49 | ' |
Outstanding, end of year (in dollars per share) | $9.19 | $8.71 | $8.65 |
Stock options | Vesting period one | ' | ' | ' |
Stock based compensation | ' | ' | ' |
Vesting period | '2 years | ' | ' |
Stock options | Vesting period two | ' | ' | ' |
Stock based compensation | ' | ' | ' |
Vesting period | '3 years | ' | ' |
Stock options | Vesting period three | ' | ' | ' |
Stock based compensation | ' | ' | ' |
Vesting period | '5 years | ' | ' |
Stock options | Maximum | ' | ' | ' |
Stock based compensation | ' | ' | ' |
Term from the date of issuance | '10 years | ' | ' |
Employee and Director stock options | ' | ' | ' |
Stock based compensation | ' | ' | ' |
Intrinsic value of the options exercised by directors and officers | $290,129 | $81,693 | $29,259 |
Employee_Benefits_Details_4
Employee Benefits (Details 4) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Outstanding Options | ' |
Number of shares at the end of the period | 362,983 |
Weighted average remaining years | '5 years 4 months 10 days |
Weighted average exercise price (in dollars per share) | $9.19 |
Exercisable options | ' |
Number of shares at the end of the period | 294,327 |
Weighted average exercise price (in dollars per share) | $8.80 |
Intrinsic value of outstanding options and exercisable options | ' |
Intrinsic value of vested exercisable options where the market value exceeds the exercise price (in dollars) | $1,678,375 |
Intrinsic value of outstanding options where the market value exceeds the exercise price (in dollars) | $1,928,702 |
$6.30-7.50 | ' |
Information related to options | ' |
Range of exercise prices, low end of the range (in dollars per share) | $6.30 |
Range of exercise prices, high end of the range (in dollars per share) | $7.50 |
Outstanding Options | ' |
Number of shares at the end of the period | 66,764 |
Weighted average remaining years | '5 years 3 months 29 days |
Weighted average exercise price (in dollars per share) | $6.51 |
Exercisable options | ' |
Number of shares at the end of the period | 66,764 |
Weighted average exercise price (in dollars per share) | $6.51 |
$7.51-8.75 | ' |
Information related to options | ' |
Range of exercise prices, low end of the range (in dollars per share) | $7.51 |
Range of exercise prices, high end of the range (in dollars per share) | $8.75 |
Outstanding Options | ' |
Number of shares at the end of the period | 107,472 |
Weighted average remaining years | '6 years 11 months 1 day |
Weighted average exercise price (in dollars per share) | $7.91 |
Exercisable options | ' |
Number of shares at the end of the period | 89,803 |
Weighted average exercise price (in dollars per share) | $7.89 |
$8.76-9.95 | ' |
Information related to options | ' |
Range of exercise prices, low end of the range (in dollars per share) | $8.76 |
Range of exercise prices, high end of the range (in dollars per share) | $9.95 |
Outstanding Options | ' |
Number of shares at the end of the period | 21,660 |
Weighted average remaining years | '11 months 16 days |
Weighted average exercise price (in dollars per share) | $9.81 |
Exercisable options | ' |
Number of shares at the end of the period | 21,660 |
Weighted average exercise price (in dollars per share) | $9.81 |
$9.96-13.30 | ' |
Information related to options | ' |
Range of exercise prices, low end of the range (in dollars per share) | $9.96 |
Range of exercise prices, high end of the range (in dollars per share) | $13.30 |
Outstanding Options | ' |
Number of shares at the end of the period | 167,087 |
Weighted average remaining years | '4 years 11 months 12 days |
Weighted average exercise price (in dollars per share) | $11 |
Exercisable options | ' |
Number of shares at the end of the period | 116,100 |
Weighted average exercise price (in dollars per share) | $10.62 |
Employee_Benefits_Details_5
Employee Benefits (Details 5) (Stock options, USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Stock options | ' | ' | ' |
Employee benefits | ' | ' | ' |
Unrecognized compensation cost related to non-vested stock options | $137,879 | ' | ' |
Period over which unrecognized compensation cost is expected to be realized | '3 years | ' | ' |
Fair values of the options granted and weighted-average assumptions used to calculate the fair values | ' | ' | ' |
Expected dividends (as a percent) | 1.00% | 1.00% | 1.00% |
Risk free interest rate (as a percent) | 0.80% | 1.36% | 3.00% |
Expected volatility (as a percent) | 32.20% | 30.30% | 28.40% |
Weighted average volatility (as a percent) | 28.91% | 29.64% | 28.45% |
Expected life in years | '6 years 6 months | '6 years 6 months | '6 years 6 months |
Weighted average fair value of options granted (in dollars per share) | $2.37 | $2.47 | $3 |
Employee_Benefits_Details_6
Employee Benefits (Details 6) (Restricted stock, USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Employee benefits | ' | ' | ' |
Unrecognized compensation cost related to non-vested restricted stock awards | $59,160 | ' | ' |
Period over which unrecognized compensation cost is expected to be realized | '3 years | ' | ' |
Number of shares | ' | ' | ' |
Nonvested, beginning of period (in shares) | 16,210 | 15,691 | 17,641 |
Restricted stock granted (in shares) | 8,382 | 10,947 | 8,786 |
Restricted stock vested (in shares) | -13,125 | -9,908 | -10,736 |
Restricted stock forfeited (in shares) | -2,031 | -520 | ' |
Nonvested, end of period (in shares) | 9,436 | 16,210 | 15,691 |
Weighted average grant date fair value | ' | ' | ' |
Nonvested, beginning of period (in dollars per share) | $7.70 | $7.41 | $7.13 |
Restricted stock granted (in dollars per share) | $12.04 | $8 | $7.82 |
Restricted stock vested (in dollars per share) | $8.86 | $7.55 | $7.29 |
Restricted stock forfeited (in dollars per share) | $9.44 | $8 | ' |
Nonvested, end of period (in dollars per share) | $9.57 | $7.70 | $7.41 |
Additional disclosures | ' | ' | ' |
Total fair value of shares vested (in dollars) | 141,263 | 74,813 | 78,243 |
Intrinsic value of non-vested restricted stock awards where the market value exceeds the exercise price (in dollars) | 136,822 | 183,011 | 127,097 |
Intrinsic value of vested restricted stock awards where the market value exceeds the exercise price (in dollars) | $190,313 | $111,861 | $86,962 |
2013 Awards | ' | ' | ' |
Number of shares | ' | ' | ' |
Restricted stock vested (in shares) | 9,436 | ' | ' |
Vesting Date, 1/27/2014 | 2013 Awards | ' | ' | ' |
Number of shares | ' | ' | ' |
Restricted stock vested (in shares) | 3,726 | ' | ' |
Vesting Date, 1/26/2015 | 2013 Awards | ' | ' | ' |
Number of shares | ' | ' | ' |
Restricted stock vested (in shares) | 1,969 | ' | ' |
Vesting Date, 2/27/2014 | 2013 Awards | ' | ' | ' |
Number of shares | ' | ' | ' |
Restricted stock vested (in shares) | 1,247 | ' | ' |
Vesting Date, 2/27/2015 | 2013 Awards | ' | ' | ' |
Number of shares | ' | ' | ' |
Restricted stock vested (in shares) | 1,247 | ' | ' |
Vesting Date, 2/27/2016 | 2013 Awards | ' | ' | ' |
Number of shares | ' | ' | ' |
Restricted stock vested (in shares) | 1,247 | ' | ' |
Capital_Standards_Details
Capital Standards (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Actual Amount | ' | ' |
Total capital (to risk weighted assets) | $110,443 | $72,031 |
Tier 1 capital (to risk weighted assets) | 105,681 | 68,066 |
Tier 1 capital (to average assets) | 105,681 | 68,066 |
Actual Ratio | ' | ' |
Total capital (to risk weighted assets) (as a percent) | 12.50% | 11.40% |
Tier 1 capital (to risk weighted assets) (as a percent) | 12.00% | 10.80% |
Tier 1 capital (to average assets) (as a percent) | 9.30% | 7.90% |
Minimum capital adequacy, Amount | ' | ' |
Total capital (to risk weighted assets) | 70,713 | 50,569 |
Tier 1 capital (to risk weighted assets) | 35,357 | 25,284 |
Tier 1 capital (to average assets) | 45,696 | 34,286 |
Minimum capital adequacy, Ratio | ' | ' |
Total capital (to risk weighted assets) (as a percent) | 8.00% | 8.00% |
Tier 1 capital (to risk weighted assets) (as a percent) | 4.00% | 4.00% |
Tier 1 capital (to average assets) (as a percent) | 4.00% | 4.00% |
To be well capitalized, Amount | ' | ' |
Total capital (to risk weighted assets) | 88,392 | 63,211 |
Tier 1 capital (to risk weighted assets) | 53,035 | 37,926 |
Tier 1 capital (to average assets) | 57,120 | 42,858 |
To be well capitalized, Ratio | ' | ' |
Total capital (to risk weighted assets) (as a percent) | 10.00% | 10.00% |
Tier 1 capital (to risk weighted assets) (as a percent) | 6.00% | 6.00% |
Tier 1 capital (to average assets) (as a percent) | 5.00% | 5.00% |
Old Line Bank | ' | ' |
Actual Amount | ' | ' |
Total capital (to risk weighted assets) | 104,668 | 70,871 |
Tier 1 capital (to risk weighted assets) | 100,092 | 66,906 |
Tier 1 capital (to average assets) | 100,092 | 66,906 |
Actual Ratio | ' | ' |
Total capital (to risk weighted assets) (as a percent) | 11.90% | 11.20% |
Tier 1 capital (to risk weighted assets) (as a percent) | 11.30% | 10.60% |
Tier 1 capital (to average assets) (as a percent) | 8.70% | 7.80% |
Minimum capital adequacy, Amount | ' | ' |
Total capital (to risk weighted assets) | 70,647 | 50,500 |
Tier 1 capital (to risk weighted assets) | 35,324 | 25,250 |
Tier 1 capital (to average assets) | 45,696 | 34,286 |
Minimum capital adequacy, Ratio | ' | ' |
Total capital (to risk weighted assets) (as a percent) | 8.00% | 8.00% |
Tier 1 capital (to risk weighted assets) (as a percent) | 4.00% | 4.00% |
Tier 1 capital (to average assets) (as a percent) | 4.00% | 4.00% |
To be well capitalized, Amount | ' | ' |
Total capital (to risk weighted assets) | 88,309 | 63,125 |
Tier 1 capital (to risk weighted assets) | 52,985 | 37,875 |
Tier 1 capital (to average assets) | $57,120 | $42,858 |
To be well capitalized, Ratio | ' | ' |
Total capital (to risk weighted assets) (as a percent) | 10.00% | 10.00% |
Tier 1 capital (to risk weighted assets) (as a percent) | 6.00% | 6.00% |
Tier 1 capital (to average assets) (as a percent) | 5.00% | 5.00% |
Commitments_and_Contingencies_1
Commitments and Contingencies (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Commitments | ' | ' | ' |
Reserve for loans sold in the secondary market with recourse obligations | $13,900 | ' | ' |
Reserve for unfunded portion of loan commitments | 185,810 | 0 | 0 |
Commitments to extend credit | ' | ' | ' |
Commitments | ' | ' | ' |
Commitments to extend credit and available credit lines | 147,196,037 | 93,688,890 | ' |
Commitments to extend credit | Commercial | ' | ' | ' |
Commitments | ' | ' | ' |
Commitments to extend credit and available credit lines | 62,248,922 | 47,250,860 | ' |
Commitments to extend credit | Construction | ' | ' | ' |
Commitments | ' | ' | ' |
Commitments to extend credit and available credit lines | 67,470,936 | 31,814,653 | ' |
Commitments to extend credit | Residential Real Estate | ' | ' | ' |
Commitments | ' | ' | ' |
Commitments to extend credit and available credit lines | 1,603,168 | ' | ' |
Commitments to extend credit | Consumer | ' | ' | ' |
Commitments | ' | ' | ' |
Commitments to extend credit and available credit lines | 15,873,011 | 14,623,377 | ' |
Standby letters of credit | ' | ' | ' |
Commitments | ' | ' | ' |
Commitments to extend credit and available credit lines | $17,306,158 | $11,309,579 | ' |
Commitments_and_Contingencies_2
Commitments and Contingencies (Details 2) (USD $) | 0 Months Ended | 12 Months Ended |
In Millions, unless otherwise specified | Aug. 25, 2006 | Dec. 31, 2013 |
Branch | ' | ' |
Lease commitments | ' | ' |
Number of assets leased from parties | ' | 13 |
Loan production offices | ' | ' |
Lease commitments | ' | ' |
Number of assets leased from parties | ' | 6 |
Pointer Ridge | ' | ' |
Lease commitments | ' | ' |
Percentage of lease commitments eliminated in consolidation | ' | 62.50% |
Original principal amount | $6.60 | ' |
Percentage of assets leased from party | 65.00% | ' |
Percentage of loan guaranteed by the company | 62.50% | ' |
Pointer Ridge | Branch | ' | ' |
Lease commitments | ' | ' |
Number of assets leased from parties | ' | 1 |
Commitments_and_Contingencies_3
Commitments and Contingencies (Details 3) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Future minimum lease commitments under the operating leases | ' | ' | ' |
2014 | $1,785,967 | ' | ' |
2015 | 1,697,085 | ' | ' |
2016 | 1,674,142 | ' | ' |
2017 | 1,488,839 | ' | ' |
2018 | 1,142,993 | ' | ' |
Remaining | 4,434,487 | ' | ' |
Future minimum lease commitments | 12,223,513 | ' | ' |
Rent expense | $1,864,738 | $1,373,490 | $1,172,843 |
Fair_Value_Measurement_Details
Fair Value Measurement (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets and liabilities measured at fair value | ' | ' |
Fair Value Assets transfers amount | $0 | $0 |
Fair Value liabilities transfers amount | 0 | 0 |
Available-for-sale | 172,169,776 | 171,541,222 |
Treasury securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 1,249,987 | 1,251,250 |
U.S. government agency | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 40,735,132 | 28,570,971 |
Municipal securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 59,266,635 | 63,853,649 |
FHLMC MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 5,205,966 | 6,689,531 |
FNMA MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 18,703,002 | 18,459,778 |
GNMA MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 39,921,226 | 51,611,711 |
SBA loan pools | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 7,087,828 | 1,104,332 |
Other Observable Inputs (Level 2) | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 172,170,000 | 171,541,000 |
Carrying Value | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 172,170,000 | 171,541,000 |
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 1,250,000 | 1,251,000 |
Assets | 1,664,000 | 1,521,000 |
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Treasury securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 1,250,000 | 1,251,000 |
Recurring basis | Quoted Prices in Active Markets for Identical Assets (Level 1) | Sallie Mae equity securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Assets | 414,000 | 270,000 |
Recurring basis | Other Observable Inputs (Level 2) | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 170,920,000 | 170,920,000 |
Assets | 170,920,000 | 170,920,000 |
Recurring basis | Other Observable Inputs (Level 2) | U.S. government agency | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 40,735,000 | 28,570,000 |
Recurring basis | Other Observable Inputs (Level 2) | Municipal securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 59,267,000 | 63,854,000 |
Recurring basis | Other Observable Inputs (Level 2) | FHLMC MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 5,206,000 | 6,690,000 |
Recurring basis | Other Observable Inputs (Level 2) | FNMA MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 18,703,000 | 18,460,000 |
Recurring basis | Other Observable Inputs (Level 2) | GNMA MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 39,921,000 | 51,612,000 |
Recurring basis | Other Observable Inputs (Level 2) | SBA loan pools | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 7,088,000 | 1,104,000 |
Recurring basis | Carrying Value | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 172,170,000 | 171,541,000 |
Assets | 172,584,000 | 171,811,000 |
Recurring basis | Carrying Value | Treasury securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 1,250,000 | 1,251,000 |
Recurring basis | Carrying Value | U.S. government agency | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 40,735,000 | 28,570,000 |
Recurring basis | Carrying Value | Municipal securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 59,267,000 | 63,854,000 |
Recurring basis | Carrying Value | FHLMC MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 5,206,000 | 6,690,000 |
Recurring basis | Carrying Value | FNMA MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 18,703,000 | 18,460,000 |
Recurring basis | Carrying Value | GNMA MBS | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 39,921,000 | 51,612,000 |
Recurring basis | Carrying Value | SBA loan pools | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Available-for-sale | 7,088,000 | 1,104,000 |
Recurring basis | Carrying Value | Sallie Mae equity securities | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Assets | $414,000 | $270,000 |
Fair_Value_Measurement_Details1
Fair Value Measurement (Details 2) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
item | ||
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | $13,441,487 | $7,103,097 |
Additional disclosures | ' | ' |
Number of components in which the other real estate owned were segmented | 2 | ' |
Legacy | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 11,613,569 | 2,316,070 |
Acquired | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 1,827,918 | 4,787,027 |
Significant Unobservable Inputs (Level 3) | Minimum | ' | ' |
Additional disclosures | ' | ' |
Discounts (as a percent) | 0.00% | ' |
Significant Unobservable Inputs (Level 3) | Maximum | ' | ' |
Additional disclosures | ' | ' |
Discounts (as a percent) | 50.00% | ' |
Discounts in certain cases (as a percent) | 75.00% | ' |
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 11,019,000 | 6,661,000 |
Other real estate owned | 4,311,000 | 3,719,000 |
Assets | 15,330,000 | 10,380,000 |
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Legacy | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 9,723,000 | 2,191,000 |
Other real estate owned | 475,000 | 1,651,000 |
Nonrecurring basis | Significant Unobservable Inputs (Level 3) | Acquired | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 1,296,000 | 4,470,000 |
Other real estate owned | 3,836,000 | 2,068,000 |
Nonrecurring basis | Carrying Value | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 11,019,000 | 6,661,000 |
Other real estate owned | 4,311,000 | 3,719,000 |
Assets | 15,330,000 | 10,380,000 |
Nonrecurring basis | Carrying Value | Legacy | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 9,723,000 | 2,191,000 |
Other real estate owned | 475,000 | 1,651,000 |
Nonrecurring basis | Carrying Value | Acquired | ' | ' |
Assets and liabilities measured at fair value | ' | ' |
Impaired Loans | 1,296,000 | 4,470,000 |
Other real estate owned | $3,836,000 | $2,068,000 |
Fair_Value_Measurement_Details2
Fair Value Measurement (Details 3) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets: | ' | ' |
Loans held-for-sale | $2,074,924 | $0 |
Investment securities available for sale | 172,169,776 | 171,541,222 |
Bank Owned Life Insurance | 30,577,187 | 16,869,307 |
Accrued interest receivable | 3,432,924 | 2,639,483 |
Liabilities: | ' | ' |
Non-interest bearing | 228,733,624 | 188,895,263 |
Interest bearing | 745,625,862 | 546,562,555 |
Total Estimated Fair Value | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 29,058,000 | 28,691,000 |
Loans receivable, net | 860,458,000 | 599,320,000 |
Loans held-for-sale | 2,015,000 | ' |
Investment securities available for sale | 172,170,000 | 171,541,000 |
Equity securities at cost | 5,670,000 | 3,615,000 |
Bank Owned Life Insurance | 30,577,000 | 16,869,000 |
Accrued interest receivable | 3,433,000 | 2,639,000 |
Liabilities: | ' | ' |
Non-interest bearing | 228,734,000 | 188,896,000 |
Interest bearing | 751,703,000 | 554,778,000 |
Short term borrowings | 49,530,000 | 37,905,000 |
Long term borrowings | 6,093,000 | 6,192,000 |
Accrued interest payable | 265,000 | 547,000 |
Quoted Prices in Active Markets for Identical Assets (Level 1) | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 29,058,000 | 28,691,000 |
Equity securities at cost | 414,000 | 270,000 |
Significant Other Observable Inputs (Level 2) | ' | ' |
Assets: | ' | ' |
Loans held-for-sale | 2,015,000 | ' |
Investment securities available for sale | 172,170,000 | 171,541,000 |
Equity securities at cost | 5,256,000 | 3,345,000 |
Bank Owned Life Insurance | 30,577,000 | 16,869,000 |
Accrued interest receivable | 1,088,000 | 1,031,000 |
Liabilities: | ' | ' |
Non-interest bearing | 228,734,000 | 188,896,000 |
Interest bearing | 751,703,000 | 554,778,000 |
Short term borrowings | 49,530,000 | 37,905,000 |
Long term borrowings | 6,093,000 | 6,192,000 |
Accrued interest payable | 265,000 | 547,000 |
Significant Other Unobservable Inputs (Level 3) | ' | ' |
Assets: | ' | ' |
Loans receivable, net | 860,458,000 | 599,320,000 |
Accrued interest receivable | 2,345,000 | 1,608,000 |
Carrying Amount | ' | ' |
Assets: | ' | ' |
Cash and cash equivalents | 29,058,000 | 28,691,000 |
Loans receivable, net | 847,249,000 | 595,145,000 |
Loans held-for-sale | 2,015,000 | ' |
Investment securities available for sale | 172,170,000 | 171,541,000 |
Equity securities at cost | 5,670,000 | 3,615,000 |
Bank Owned Life Insurance | 30,577,000 | 16,869,000 |
Accrued interest receivable | 3,433,000 | 2,639,000 |
Liabilities: | ' | ' |
Non-interest bearing | 228,734,000 | 188,896,000 |
Interest bearing | 745,626,000 | 546,563,000 |
Short term borrowings | 49,530,000 | 37,905,000 |
Long term borrowings | 6,093,000 | 6,192,000 |
Accrued interest payable | $265,000 | $547,000 |
Other_Operating_Expenses_Detai
Other Operating Expenses (Details) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Other Operating Expenses | ' | ' | ' |
Network Services | $582,533 | $266,382 | $143,899 |
Telephone | 564,164 | 460,308 | 464,786 |
Pointer Ridge other operating | 409,071 | 422,127 | 562,223 |
Other | 5,298,922 | 4,436,271 | 3,628,600 |
Total | $6,854,690 | $5,585,088 | $4,799,508 |
Parent_CompanyCondensed_Financ2
Parent Company-Condensed Financial Information (Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Assets | ' | ' |
Cash and due from banks | $28,316,351 | $28,332,456 |
Other assets | 2,575,377 | 3,038,064 |
Total assets | 1,167,223,124 | 861,856,477 |
Stockholders' equity | ' | ' |
Common stock | 107,772 | 68,454 |
Additional paid-in capital | 104,622,171 | 53,792,015 |
Retained earnings | 24,879,275 | 18,531,387 |
Accumulated other comprehensive income (loss) | -3,359,823 | 2,469,758 |
Total Old Line Bancshares, Inc. stockholders' equity | 126,249,395 | 74,861,614 |
Total liabilities and stockholders' equity | 1,167,223,124 | 861,856,477 |
Bancshares (Parent Company) | ' | ' |
Assets | ' | ' |
Cash and due from banks | 4,657,549 | 207,687 |
Investment in real estate LLC | 499,871 | 652,579 |
Investment in Old Line Bank | 120,659,537 | 73,699,992 |
Other assets | 788,283 | 341,328 |
Total assets | 126,605,240 | 74,901,586 |
Liabilities and Stockholders' Equity | ' | ' |
Accounts payable | 355,845 | 39,972 |
Stockholders' equity | ' | ' |
Common stock | 107,772 | 68,454 |
Additional paid-in capital | 104,622,171 | 53,792,015 |
Retained earnings | 24,879,275 | 18,531,387 |
Accumulated other comprehensive income (loss) | -3,359,823 | 2,469,758 |
Total Old Line Bancshares, Inc. stockholders' equity | 126,249,395 | 74,861,614 |
Total liabilities and stockholders' equity | $126,605,240 | $74,901,586 |
Parent_CompanyCondensed_Financ3
Parent Company-Condensed Financial Information (Details 2) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Interest and dividend revenue | ' | ' | ' |
Interest on loans | $40,206,378 | $33,808,739 | $28,432,701 |
Total interest income | 44,262,838 | 38,222,123 | 32,320,513 |
Non-interest income (loss) | 8,870,182 | 3,708,110 | 2,493,272 |
Non-interest expense | 36,077,289 | 25,161,823 | 20,636,338 |
Income before income taxes | 11,349,288 | 10,185,785 | 7,158,276 |
Income tax expense (benefit) | 3,602,083 | 2,720,446 | 1,926,624 |
Bancshares (Parent Company) | ' | ' | ' |
Interest and dividend revenue | ' | ' | ' |
Dividend from Old Line Bank | 1,490,941 | 1,592,819 | 821,496 |
Interest on money market and certificates of deposit | 2,869 | 325 | 4,794 |
Interest on loans | ' | ' | 5,787 |
Total interest income | 1,493,810 | 1,593,144 | 832,077 |
Non-interest income (loss) | -50,326 | -108,542 | -247,198 |
Non-interest expense | 943,022 | 496,963 | 460,034 |
Income before income taxes | 500,462 | 987,639 | 124,845 |
Income tax expense (benefit) | -97,767 | -91,441 | -175,662 |
Net income before income loss from Old Line Bank | 598,229 | 1,079,080 | 300,507 |
Undistributed net income of Old Line Bank | 7,240,600 | 6,451,384 | 5,079,464 |
Net income | $7,838,829 | $7,530,464 | $5,379,971 |
Parent_CompanyCondensed_Financ4
Parent Company-Condensed Financial Information (Details 3) (USD $) | 12 Months Ended | ||
Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | |
Cash flows from operating activities | ' | ' | ' |
Net cash provided by operating activities | $15,600,969 | $11,837,223 | $11,585,635 |
Cash flows from investing activities | ' | ' | ' |
Cash and cash equivalents of acquired company | 38,846,599 | ' | 41,967,182 |
Net cash provided by investing activities | 16,250,283 | -69,648,274 | -43,350,061 |
Cash flows from financing activities | ' | ' | ' |
Proceeds from stock options exercised, including tax benefit | 814,101 | 127,193 | 40,788 |
Acquisition cash consideration | -16,966,208 | ' | -1,022,413 |
Cash dividends paid-common stock | -1,490,941 | -1,092,819 | -821,497 |
Net cash used in financing activities | -31,483,713 | 42,865,088 | 60,786,178 |
Net increase (decrease) in cash and cash equivalents | 367,539 | -14,945,963 | 29,021,752 |
Cash and cash equivalents at beginning of year | 28,690,761 | 43,636,724 | 14,614,972 |
Cash and cash equivalents at end of year | 29,058,300 | 28,690,761 | 43,636,724 |
Reconciliation of net income to net cash provided (used) by operating activities | ' | ' | ' |
Net income | 7,747,205 | 7,465,339 | 5,231,652 |
Adjustments to reconcile net income to net cash provided (used) by operating activities | ' | ' | ' |
Stock based compensation awards | 230,743 | 176,024 | 132,661 |
Increase (decrease) in other liabilities | -6,311 | -46,095 | -886,351 |
(Increase) decrease in other assets | 4,221,375 | 26,563 | 3,464,193 |
Net cash provided by operating activities | 15,600,969 | 11,837,223 | 11,585,635 |
Bancshares (Parent Company) | ' | ' | ' |
Cash flows from operating activities | ' | ' | ' |
Interest and dividends received | 1,493,810 | 1,593,144 | 833,271 |
Income taxes | ' | ' | 52,161 |
Reimbursement received (cash paid) for operating expenses | -643,211 | -454,977 | -286,601 |
Net cash provided by operating activities | 850,599 | 1,138,167 | 598,831 |
Cash flows from investing activities | ' | ' | ' |
Principal collected on loans made | ' | ' | 272,889 |
Cash and cash equivalents of acquired company | -10,000,000 | ' | 25,239 |
Net cash provided by investing activities | -10,000,000 | ' | 298,128 |
Cash flows from financing activities | ' | ' | ' |
Proceeds from stock options exercised, including tax benefit | 814,101 | 127,193 | 40,788 |
Proceeds from issuance of common stock | 12,177,568 | ' | 6,332,844 |
Acquisition cash consideration | 2,098,535 | ' | -1,022,162 |
Repayment of acquired bank debt | ' | ' | -5,403,883 |
Cash dividends paid-common stock | -1,490,941 | -1,092,819 | -821,497 |
Net cash used in financing activities | 13,599,263 | -965,626 | -873,910 |
Net increase (decrease) in cash and cash equivalents | 4,449,862 | 172,541 | 23,049 |
Cash and cash equivalents at beginning of year | 207,687 | 35,146 | 12,097 |
Cash and cash equivalents at end of year | 4,657,549 | 207,687 | 35,146 |
Reconciliation of net income to net cash provided (used) by operating activities | ' | ' | ' |
Net income | 7,838,829 | 7,530,464 | 5,379,971 |
Adjustments to reconcile net income to net cash provided (used) by operating activities | ' | ' | ' |
Undistributed net income of Old Line Bank | -7,240,600 | -6,451,384 | -5,079,464 |
Stock based compensation awards | 230,743 | 176,024 | 132,661 |
(Income) loss from investment in real estate LLC | 152,707 | 108,542 | 247,198 |
Increase (decrease) in other liabilities | 315,874 | 8,043 | -106,680 |
(Increase) decrease in other assets | -446,954 | -233,522 | 25,145 |
Net cash provided by operating activities | $850,599 | $1,138,167 | $598,831 |